Which of the following is NOT a benefit of budgeting?
A) It uncovers potential bottlenecks before they occur.
B) It coordinates the activities of the entire organization by integrating the plans and objectives of the various parts.
C) It ensures that records comply with generally accepted accounting principles.
D) It provides benchmarks for evaluating subsequent performance.

Question

Quizplus · Accepted Answer

Ensuring that records comply with generally accepted accounting principles is a benefit of accounting, not budgeting. Budgeting mainly helps in planning, coordinating, and evaluating performance.

Which of the Following Is NOT a Benefit of Budgeting