Test Questions- Budget and Budgetary Control
- How do you define Budget?
- What do you mean by the concept of Budget?
- Why do you need budgeting?
- What is Budgetary Control?
- Differentiate between budget, budgetary control and budgeting.
- What are the steps to have budgetary control?
- Describe the essentials of Budgetary Control.
- List out the advantages of budgetary control.
- What makes budgetary control an important aspect?
- What are the disadvantages of Budgetary Control?
- Explain the steps to have budgetary control.
- Elaborate the objectives of Budgeting.
- What do you mean by a Budget centre?
- Describe the role of budget committee.
- What is a budget manual?
- What do you mean by cash budget?
- What is budget period?
- What is performance budgeting? Explain its steps.
- What are the various types of budget?
- What do you mean by Zero Base Budgeting?
- What is a material budget?
- What do you mean by flexible budget?
Links of Previous Main Topic:-
- Introduction to accounting and branches of accounting
- Preparation of final accounts
- Introduction of fund flow statement
- Introduction cash flow statement
- Ratio analysis significance of ratio analysis
- Fixed assets and depreciation meaning causes objectives methods and basic factor
- Cost accounting concept objectives advantages limitations general principles and cost sheet
- Job costing
- Introduction process costing
- Activity based costing introduction concept and classification
- Introduction inventory pricing and valuation
- Standard costing introduction
- Management accounting
- Marginal costing
- Objectives of budgeting
Links of Next Finance Topics:-
- Classification of budget
- Test questions budget and budgetary control
- Introduction to responsibility accounting
- Introduction to financial management
- Introduction and types of dividend
- Concept of cost of capital
- Capitalization meaning
- Concepts of working capital
- Concept of capital expenditure
- Learning objectives and chapter outline
- Limitations of operations research
- Linear programming learning objectives and outline of chapter
