Revision Notes For Class 12 Business Studies Chapter 8 Controlling

Controlling is the chapter that is outlined in a clear and simple way. Controlling is the comparison of actual performance with the planned performance. This chapter comprises of various concepts – meaning and definition of controlling, importance of controlling, limitations of controlling, relationship between planning and controlling, controlling process, deviation, techniques of managerial control, traditional technique – personal observation, statistical reports, budgetary control, modern techniques – ratio analysis, liquidity ratio, solvency ratio, profitability ratio, turnover ratio, management audit, responsibility accounting, cost centre, revenue centre, profit centre, investment centre. These are the concepts that have to be covered while preparing for the class 12 board examinations.

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