Which of the following is not a guideline for budget preparation?
A) Include financial data only.
B) Know the sources of budget information.
C) Know the purpose of the budget.
D) Identify the format of the budget.

Question

Quizplus · Accepted Answer

The guideline mentioned in option A is not correct. Budget preparation involves more than just financial data; it requires consideration of strategic goals, operational plans, and other non-financial factors as well. Therefore, including financial data only is not a guideline for budget preparation.

Which of the Following Is Not a Guideline for Budget