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प्रश्न
Why is a Master Budget also known as a Summary Budget?
उत्तर
The master budget is a summary of all budgets. Therefore, it is also known as a summary budget. The Institute of Cost Management Accountants, England, has defined it as "the summary budget, incorporating its component functional budgets, which is finally approved, adopted and employed." Thus, the master budget is a summarised form of all the budgets of a firm. This budget requires the approval of the Budget Committee before it is put into operation.
संबंधित प्रश्न
______ budget contains details about the quantity and quality of various things which the firm needs to purchase during the coming year.
Which of the following is not the part of master budget?
Which budget is also known as summary budget?
Production budget is dependent on ______.
______ is a detailed budget of cash receipts and cash expenditure incorporating both revenue and capital items.
It helps to ensure that the required items are available as and when needed for smooth functioning of the business.
Select the correct statement(s) about the master budget.
What is a cash budget?
Name any two types of family budgets.
Write short note on Capital Expenditure Budget.
