Consider the following statements about budget administration: The budgeting process is a very formal process in...
Consider the following statements about budget administration: The budgeting process is a very formal process in all organizations regardless of an organization's size. The budget manual is prepared to communicate budget procedures and deadlines to employees throughout an organization. Effective internal control procedures require that the budget director be an individual other than the controller. Which of the above statements is (are) true?
Multiple Choice
I and II.
III only.
II only.
I only.
I and III.
Homework Answers
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Your answer - II only Budget manual is a series of instructions given by budget makers in an organization to all the relevant managers and employees briefing the budget policies and deadlines. Comment if you face any issues |
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Consider the following statements about budget administration:
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