When a system of budgets is used for planning and control purposes, it becomes budgetary control.

Name: When a system of budgets is used for planning and control purposes, it becomes budgetary control.
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Question

Quizplus · Accepted Answer

Budgetary control refers to the use of budgets for planning and control purposes, which involves comparing actual results to the budgeted amounts and taking corrective actions as needed. Therefore, the statement is true.

When a System of Budgets Is Used for Planning and Control