Flexible Budgeting: Meaning and Disadvantages | Accounting

In this article we will discuss about:- 1. Meaning of Flexible Budget 2. Importance of Flexible Budget 3. Steps in Preparation 4. Disadvantages. Meaning of Flexible Budget: Flexible budget is a budget which, by recognizing the difference in behaviour between fixed and variable costs in relation to fluctuations in output, turnover, or other variable factors, etc. It is designed to [...]