Daily Answer Writing Practice for Commerce Optional UPSC (Mains)- Day 59

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Topic – Budgetary Control

#Q.1) Describe the steps involved in the budgetary control technique.- 10 Marks

#Q.2) Explain how ‘Flexible Budget’ can be used by management to control cost.- 10 Marks

#Q.3) ‘Budgeting is a pre-requisite for standard Costing’ In the light of the statement , explain briefly the role of Budgeting as a managerial tool for control.- 10 Marks

 

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