Budgetary Question:
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What are Budgetary Control characteristics?

Answer:

Following are the characteristics of Budgetary control:

-It deals with the establishment of the budgets.

-A control technique where actual results are extracted from the organisation’s operations and compared with the budget prepared.

-Any differences or variations are computed and made the responsibility of key individual who can either take actions for maintain the favourable variations or revise the budgets.

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