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Exam Question

Which is the following statement is not true about budgeting?

  • 1. Budgeting is a forecasting technique
  • 2. Budgeting is different from standard costing
  • 3. It is done prior to defined period of time
  • 4. Budgeting is only financial statement
  • 5. It is financial / and or quantitative statement

View Answer

Answer 4. Budgeting is only financial statement

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