Question

What is the role of a budget committee in the preparation of budgets?

a.

Only coordination

b.

Only analysis of variances

c.

Coordination of the preparation of budgets, including the issue of a manual

d.

Only determination of actual results

Posted under IC 89 Management Accounting

Answer: (c).Coordination of the preparation of budgets, including the issue of a manual Explanation:A budget committee plays a role in the coordination of the preparation of budgets, including the issue of a manual.

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Q. What is the role of a budget committee in the preparation of budgets?
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