Which of the following statements is true with respect to the budgetary control
ID: 2572405 • Letter: W
Question
Which of the following statements is true with respect to the budgetary control process?
It involves at least four distinct steps.
It is not an important process in a business organization.
It has nothing to do with comparing actual results to planned objectives.
Accounting personnel should not be involved with this phase of the budget.
All of the above.
a.It involves at least four distinct steps.
b.It is not an important process in a business organization.
c.It has nothing to do with comparing actual results to planned objectives.
d.Accounting personnel should not be involved with this phase of the budget.
e.All of the above.
Explanation / Answer
a. It involves at least four distinct steps.
Budgetary control process involves at least four distinct steps.
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