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    Question

    Which of the following best describes the primary

    objective of Budgetary Control in an organisation? 
    A Preparation of final accounts and financial statements at the year end Correct Answer Incorrect Answer
    B Estimation of long-term capital investment requirements Correct Answer Incorrect Answer
    C Systematic comparison of actual performance with stated targets to identify variances and initiate corrective action Correct Answer Incorrect Answer
    D Forecasting external economic and market conditions Correct Answer Incorrect Answer
    E Determination of product pricing policies based on budgeted costs Correct Answer Incorrect Answer

    Solution

    Budgetary control is the process of setting budgets, comparing them with actual results, and analyzing variances to identify deviations and take necessary corrective actions to achieve the budgeted goals 

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