Unit-3 Budgets and Budgetary Control
Budgetary Control
Budget, Budgeting, and Budgetary Control Budget A budget is a plan, expressed in monetary or quan...
Types of Budget: Sales Budget and Production Budget
Sales Budget The sales budget is a crucial component of the overall budgeting process. It's a sta...
Types of Budget: Production Cost budget ; Raw material Purchase budget; Overhead Budget
Production Cost Budget The Production Cost Budget is a crucial financial document that estimates ...
Types of Budget: Cash Budget and Master Budget
Cash Budget The cash budget is a critical financial document, often one of the last budgets to be...
Types of Budget: Fixed budget and Flexible budget
Fixed Budget A fixed budget is prepared based on a single, predetermined level of activity. It a...
Zero based budgeting
Zero-Based Budgeting (ZBB) Zero-based budgeting (ZBB) is a budgeting approach that requires every...