Which statement is true.I)Fixed budget assumes Changing business conditions. II)Flexible budget is prepared for only one level of activity.

Related MCQs

• Which statement is true.I)Fixed budget assumes Changing business conditions. II)Flexible budget is prepared for only one level of activity.
• _______ is prepared for single level of activity and single set of business conditions.
• A budget which is prepared in a manner so as to give the budgeted cost for any level of activity is known as -
• Which statement is true.I)Financial accounts are prepared according to Accounting Standards. II)Management Accounting reports are also prepared according to accounting standard.
• Which of the following is a budget designed to furnish budgeted costs for any level of activity attained
• Fixed budget is useless for comparison when the level of activity -
• The statement of changes in financial position prepared to determine only the sources and uses of working capital between two dates of balance sheet is known as __________.
• Which budget is prepared after the preparation of all functional budgets
• Budget is prepared for a…
• Budget relating to the key factor is prepared -