Accounting · Budgetary Control
Which of the following statements are correct? 1. Zero-Based Budgeting requires justification of each activity from scratch. 2. Flexible budget adjusts with changes in activity level. 3. Master budget consists only of cash budget and sales budget. 4. Budgetary control compares actual performance with budgeted standards.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 3 and 4 only
- 22 and 3 only
- 31, 2 and 4 only✓
- 41 and 2 only
Correct answer
1, 2 and 4 only
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