InterviewSolution
Saved Bookmarks
| 1. |
Explain any four features of a budget. |
|
Answer» Features of budget are as follows : • A budget is a statement of expected results expressed in quantitative terms. • It provides a standard by which actual observation can be measured and by which variations can be checked. • It is a single use plan since it is prepared for a particular period of time. • A budget forces an enterprise to make in advance a numerical compilation of expected cash flows, expenses and revenues, capital outlays or machine hour utilization. |
|