Budgetary control system facilitates centralized control with __________.

decentralized activity

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centralized activity

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both (a) and (b)

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none of the above

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Solution

The correct option is A both (a) and (b)

Budgetary control is the process by which budgets are prepared for the future period and are compared with the actual performance for finding out variances, if any. The comparison of budgeted figures with actual figures will help the management to find out variances and take corrective actions without any delay.

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Write a short note on budgetary control as a technique of managerial control.

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