Economics · Budgeting and Budgetary Control
Arrange the following steps involved in the preparation of a comprehensive budgeting system in the correct logical sequence: 1. Preparation of functional budgets 2. Identification of the principal budget factor 3. Preparation of the master budget 4. Formation of the budget committee
- 14 - 2 - 1 - 3✓
- 22 - 1 - 4 - 3
- 34 - 1 - 2 - 3
- 42 - 4 - 1 - 3
Correct answer
4 - 2 - 1 - 3
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