Question

In addition to yearly budgets, for which other periods are budgets prepared?

a.

Only quarterly

b.

Only half-yearly

c.

Only for specific events

d.

Half year, and quarter

Posted under IC 89 Management Accounting

Answer: (d).Half year, and quarter Explanation:Budgets are prepared not only for a period of a year but also for the period of half a year and quarter.

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Q. In addition to yearly budgets, for which other periods are budgets prepared?
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