BUDGET AS A TOOL FOR PLANNING AND CONTROLLING IN AN ORGANISATION
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY There is the need for optimization of the scarce resources available to organizations, that is available resources are to be put to their most optimal or profitable use. Since these resources are scarce, a plan has to be drawn to eliminate wastage and arbitrary resource allocation. This trend of thought brings us to the "concept of budgeting". An organization plans ahead ...
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