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In Zero Based Budgeting, the previous year’s figures are not used as a base for preparing next year’s budgets. Budget figures are developed with zero as the base, which means that the budget will be prepared as if it is being prepared for a new company for the first time. It involves a planning and budgeting process which requires each manager to justify his entire budget request in detail from scratch (hence zero base). It is in contrast to Incremental Budgeting, where the next year’s budget is prepared keeping the previous year’s budget as the base.
Which of the following cases does not explain the maxim ‘Damnum Sine Injuria’?
According to the Prevention of Money-Laundering Act, 2002 whoever commits the offence of money-laundering shall be punishable with________________
A company cannot purchase its own shares or other specified securities out of____________
What is the correct sequence for the replacement of resolution professional by committee of creditors?
a. The committee of creditors shall ...
Which of the following obligations are laid down by Section 12 of Prevention of Money Laundering Act 2002 on banking companies, financial institutions a...
Who has the right to file a complaint with the Rent Control Court under the Maharashtra Rent Control Act?
A child cannot be charged for an offence if he is below the age of ___________ years and commits an offence.
Banking company incorporated in India is required to create a reserve fund __________________ transfer to the reserve fund a sum equivalent to not less ...
Questions to corroborate evidence of a relevant fact:
What does cognizable offence mean _______________