The budget is the main instrument of financial control in an organization.

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The budget is a detailed plan outlining how an organization will acquire and utilize its resources over a specific period. It is a crucial financial control tool used to ensure that resources are used efficiently and effectively to achieve organizational goals and objectives. The budget controls the allocation of resources by setting limits on spending, determining priorities, and identifying potential problems before they occur.

The Budget Is the Main Instrument of Financial Control in an Organization