Question

What is the purpose of a Budget Manual?

a.

Only to specify roles and responsibilities

b.

Only to provide forms and formats

c.

Only to detail procedures for preparation

d.

To specify roles and responsibilities, provide forms and formats, and detail procedures for preparation and use of budgets.

Posted under IC 89 Management Accounting

Answer: (d).To specify roles and responsibilities, provide forms and formats, and detail procedures for preparation and use of budgets. Explanation:A Budget Manual specifies roles and responsibilities, provides forms and formats, and details procedures for the preparation and use of budgets.

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Q. What is the purpose of a Budget Manual?
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