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What are budget assumptions and what is their relationship to business coordination? 80–100 words

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Accounting

What are budget assumptions and what is their relationship tobusiness coordination? 80–100 words

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Solution Budget Assumption It is a process where analysis is made to arrive at an assumption There are reasonable assumptions made to come with the budget for the company To be as close as possible and realistic The assumption made to conclude the budget for the company is called as budget assumption Following are the budget assumption considered Assumption on Income The assumption of the income of    See Answer
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