The first step in the budgetary process is ________________.

Execution of the Budget

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Parliamentary control over finance

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Preparation of the budget

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Enactment of the budget

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Solution

The correct option is C Preparation of the budget
The first step in the budgeting process is having a written strategic plan. This ensures that organizational resources are used to support the strategy and development of the organization. It means budgeting toward the vision

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Similar questions

Budgetary control requires the preparation of

(a) Training schedule

(b) Budgets

(d) Responsibility centres

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

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