Archive | Budgetary Control

Requisites for Operation of a Budgetary Control

The following points highlight the top ten requisites for operation of a budgetary control. The requisites are: 1. Well Planned Organization 2. Separate Departments to be Established 3. Accounting Records 4. General Instruction 5. Preparation of an Organisation Chart 6. Budget Committee 7. Budget Manual 8. Budget Periods should be Ascertained 9. The Key Factor 10. Level of Activity. Operation [...]

By |2016-06-13T06:11:51+00:00June 13, 2016|Budgetary Control|Comments Off on Requisites for Operation of a Budgetary Control
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Top 3 Methods for Preparation of Cash Budget

The following points highlight the top three methods for preparation of cash budget. The methods are: 1. The Receipt and Payments Method 2. Adjusted Profit and Loss Method 3. Balance Sheet Method. Preparation of Cash Budget: Method # 1. The Receipt and Payments Method: Under this method all anticipated cash receipts are carefully forecasted from a particular period. Cash receipts [...]

By |2016-06-13T06:11:51+00:00June 13, 2016|Budgetary Control|Comments Off on Top 3 Methods for Preparation of Cash Budget
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