Which of the following statements regarding budgets is true?
A)More aggregate budgets are more difficult to plan.
B)More aggregate budgets have sound usefulness during monitoring of performance due to the abundance of information they provide.
C)Budgets can be set at two levels.
D)Budgets can be set for each different type of revenue and expense for each division as contained in the chart of accounts.

Question

Quizplus · Accepted Answer

Budgets can indeed be set for each different type of revenue and expense for each division as contained in the chart of accounts, allowing for detailed financial planning and monitoring.

Which of the Following Statements Regarding Budgets Is True