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A budget is generally an official statement of the possessions of the organization, that are employed in the financial planning of the organization. The budget is generally linked up with the assets of the organization. However, it is introduced for many other things too, such as the marketing budget, sales budget, production budget and so on.
Budgetary control is introduced to assist the management for the allotment of authority and in the duties for making the estimation, in order to make the significant decisions and to enhance the financial performance of any organization. It can as well be termed as the managerial tool, which assists in managing the countable data, by means of the performance, budgets, plannings, and to take possible measures to get the desired performance. For students, we as Budget and Budgeting Controls Accounting Assignment Help service is always there to help you out from all your academic woes and by availing our online service, you will be able to become the next topper of your class.
On the basis of the flexibility, Budgets can be classified as Fixed Budget and Flexible Budget.
On the basis of the operation, it is a Master Budget, which is further categorized as Production Budget, Sales Budget, Marketing Budget, Cash-flow Budget and Finance Budget.
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