BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Accounting and Auditing Cost and Management Accounting
Consider the following statements about Budgetary Control:
- Budgetary control involves the preparation of budgets for different departments and ensuring that actual performance is in line with the budgeted figures.
- It helps in coordinating the activities of different departments and aligning them with the overall objectives of the organization.
- Budgetary control is primarily focused on short-term financial planning and does not consider long-term strategic goals.
Which of the above statements are correct?
1
1 and 2 only
2
2 only
3
1 and 3 only
4
2 and 3 only
5
1, 2, and 3