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In your own words and in detail list and describe the benefits of budgeting in a...

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Accounting

In your own words and in detail list and describe the benefitsof budgeting in a business. Also list and describe in detail thecomponents of a Master Budget.

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Benefits of Budget Every Business must be controlled with appropriate limits from time to time in order to achieve the objective of Profit Motive Planning is an activity which is implemented in form of budget in order to achieve the goals of business by controlling the expenses In order to form the budget It must be formed by taking the previous expenses and add the appropriate inflation and growth rates in the form of    See Answer
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