_________ is a document which sets out the utilisation of the persons engaged in budgetary control.

Organisational chart

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Budget manual

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Chart of accounts

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None of the above

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Solution

The correct option is B Budget manual
CIMA London defines a budget manual as “a document schedule or booklet which sets out, inter alia, the responsibilities of the persons engaged in the routine of and the forms and records required for budgetary control”. Thus, it is a written document which guides the executives in preparing various budgets.

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