The budget starts without any base is .

Related MCQs

• …….budget may be classified into material cost budget, labour cost budget and overhead budget.
• …………………budget is the most important budget and it forms the basis on which all the other budgets are built up.
• ………budget gives an estimate of the anticipated receipts and payment of cash during the budget period.
• …………………budget is the preparation of budget starting from a clean state.
• Material budget consists of two parts, one is the consumption budget and another Is .
• Budgetary control starts with .
• …….is a budget which is updated continuously by adding a further period (a month/quarter) and deducting a corresponding earlierperiod.
• The budget relating to.................... must be prepared first and the other budgets should be prepared in the light of that factor.
• …………..budget is designed to remain unchanged irrespective of the volume of output or turnover attained.
• ……….budget gives differentbudgeted costs for different levels of activity.