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Family budget - class-IX
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Budgetary control helps the management in __________.
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A
Obtaining bank credit
💡 Explanation:
Budgetary control is the process of determining various actual results with budgeted figures for the enterprise for the future period and standards set then comparing the budgeted figures with the actual performance for calculating variances, if any. A budget is a means and budgetary control is the end-result. Budgetary control system enables the management to conduct business in the most efficient manner. Budgeting also aids in obtaining bank credit, as the main work of banks is to provide funds for business projects.