Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Management Accounting and Financial Management Budgetary System and Control
Budgeting is closely related to planning in an organization. It involves four stages and their correct sequence is
1
Setting the objectives, specifying the goals, laying down the strategies, preparing of budget
2
Setting the objectives, laying down the strategies, specifying the goals, preparation of budget
3
Laying down the strategies, setting the objectives, specifying the goals, preparation of budget
4
Specifying the goals, setting the objectives, laying down the strategies, preparation of budget