To enable the budget to be used as a control tool to monitor the entity's achievements of its plans,the classification of items in the master budget needs to:
A) mirror the organisation's chart of accounts
B) mirror the balanced scorecard
C) mirror the strategic plan
D) all of the options are correct
Correct Answer:
Verified
Q17: Which of these is a performance management
Q18: The master budget is commonly classified into:
A)two
Q19: The decision to set up a new
Q20: Which of these is
Q21: From the following data calculate the estimated
Q23: The schedule of cash receipts from debtors
Q24: The outlay that appears in the cash
Q25: Sales variances are the responsibility of:
A)the board
Q26: Rich Company Pty Ltd made these
Q27: Tan Dan Ltd is planning to purchase
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