Management Accounting Test Questions

Q.  Which of the following statements are true about budget, budgeting & budgetary control?

a. Budgetary control is a wider concept whereas Budget and budgeting are narrower concepts
b. If there is budgeting or budget, it is not necessary that there should be budgetary control also
c. If there is budgetary control, budgeting and budget are must
d. All of the above

ANSWER: See Answer
No explanation is available for this question!