Which of the following statements about budgeting is INCORRECT?
A) Budgeting is an aid to planning and control.
B) Budgets promote communication and coordination between departments.
C) Budgets help to coordinate the activities of the entire organisation.
D) Budgeting is an accounting function and does not need involvement of operations personnel.

Question

Quizplus · Accepted Answer

Budgeting is not just an accounting function but involves the participation of operations personnel to ensure that the budget reflects the realities of the organization's operations. Their input is crucial for accurate forecasting and planning.

Which of the Following Statements About Budgeting Is INCORRECT