Consider the following statements about budget administration.i.Regardless of size,the budgeting process in all organisations must be a formal process
Ii)The budget manual is prepared to communicate budget procedures and deadlines to employees throughout the organisation.
Iii)Good internal control procedures require that the manager responsible for managing the budget process be an individual other than the chief accountant.Which statement/s is/are true?
A) i
B) ii
C) iii
D) i and iii

Question

Quizplus · Accepted Answer

The budget manual is indeed prepared to communicate budget procedures and deadlines to employees throughout the organization. The other statements are not necessarily true for all organizations.

Consider the Following Statements About Budget Administration