A budget can serve as:
A)a planning tool
B)a control tool
C)a basis for preparing financial statements
D)a planning and control tool

Question

Quizplus · Accepted Answer

A budget can serve as both a planning tool and a control tool for a business. It can help set financial goals and guide decision making during the planning phase, while also allowing for monitoring and adjustment during the control phase. Additionally, a budget can serve as a basis for preparing financial statements, but this is not its primary purpose.

A Budget Can Serve As