what is meant by ' budgetary control 'as a technique of contolling ?state any three advantages of it.
Budgetry control is a technique in which all operations are planned in advance in the form of budgets and actual results are compared with budgetry standards. A budget is quantitative statement for a definite future period of time budgeting offers the followong advantages
3 Advantages of Budgeting are
1:- Budgeting focuses on specific targets
2:- Bugeting is a source of motivation to the employee
3:- Bugeting helps in optimum utilization of resources