Which of the following is true of budgets?
A)Every budget must contain both revenues and expenses.
B)Budgets reduce the comparability concept of accounting.
C)The data in budgets are presented in dollars only;nonfinancial data should be excluded.
D)Budgets are synonymous with managing an organization.

Question

Quizplus · Accepted Answer

Budgets are tools used for planning and controlling financial resources, which are essential for managing an organization effectively.

Which of the Following Is True of Budgets