The terms budgeting and accounting can be used interchangeably because they are the same thing.

Name: The terms budgeting and accounting can be used interchangeably because they are the same thing.
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Question

Quizplus · Accepted Answer

Budgeting and accounting are two different functions within a company's financial management. Budgeting refers to the planning and forecasting of a company's financial resources, while accounting involves the tracking, recording, and reporting of those resources.

The Terms Budgeting and Accounting Can Be Used Interchangeably Because