BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Accounting and Auditing Cost and Management Accounting
Which of the following best describes the role of budgetary control in an organization?
1
To record actual financial transactions and prepare financial statements
2
To allocate overhead costs to various departments based on activity levels
3
To manage cash flow and liquidity by forecasting future cash requirements
4
To ensure that actual performance aligns with budgeted targets through continuous monitoring and corrective actions
5
To determine the cost of goods sold for inventory valuation