What is a budgetary control?
Budgetary control is financial jargon for managing income and expenditure. In practice it means regularly comparing actual income or expenditure to planned income or expenditure to identify whether or not corrective action is required.
What are examples of budgeting?
Budgeting is the process of forecasting revenues and expenses of the company for a specific period and examples of which include the sales budget prepared to make a projection of the company's sales and the production budget prepared to project the production of the company etc.
What is budgetary control and its types?
Budgetary control is a system for monitoring an organization's process in monetary terms. Types of budgetary controlling techniques are; Financial Budgets. Operating Budget. Non-Monetary Budgets.
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