Budgetary control
,What is Budget?
© The word budget can say- ‘ a small leather bag’.
© The “bag” contains is an economic bill which is
presented by the Finance Minister in the parliament
every year.
Definition-
“A budget is a written plan covering projected
activities of a firm fora defined time period”.
It can also say that it is a fiscal plan by which
expenditure may be balanced against income.
, Features of Budget:
1. Budgets are the blueprint of the desired plan of
action.
They are means of communications.
They indicate the business policies.
oW
They provide services as declaration of policies.
o oa
They set goals.
6. They are the instruments of managerial control.
7. They are controlling tools.
,What is Budget?
© The word budget can say- ‘ a small leather bag’.
© The “bag” contains is an economic bill which is
presented by the Finance Minister in the parliament
every year.
Definition-
“A budget is a written plan covering projected
activities of a firm fora defined time period”.
It can also say that it is a fiscal plan by which
expenditure may be balanced against income.
, Features of Budget:
1. Budgets are the blueprint of the desired plan of
action.
They are means of communications.
They indicate the business policies.
oW
They provide services as declaration of policies.
o oa
They set goals.
6. They are the instruments of managerial control.
7. They are controlling tools.
