Homework Answers
18. A budget is (b) is an aid to management. It aids in evaluation of performance, planning and decision making.
19. Accounting generally has the responsibility for (b) expressing the budget in financial terms. It makes the budget understandable and measurable in financial numbers and format.
ANSWERS :
18. Opttion B : is an aid to management .
Budget is an aid to management to track the revenues and expenses to the planned values and take appropriate decisions and actions to control deviations, if any.
19. Option B : expressing the budget in financial terms.
Accounting usually express budgets in money values.
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