Question

In: Accounting

what type of document is the budget? Internal or external?

what type of document is the budget? Internal or external?

Solutions

Expert Solution

--Budget is an INTERNAL managerial documents.

--Internal documents are those that are not meant for general public.

--Budgets are prepared as a part of managerial process, and its for ensuring managerial efficiencies.

--Outside population or general public dont have access of these budgets and hence these are internal documents.


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