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Zero Base Budgeting

Zero Base Budgeting Zero base budgeting (ZBB) is a  method of budgeting in which all expenses must be justified for each new period. Zero-based budgeting starts from a “zero base” and …

Budgetary Control

What is Budget: A formal statement of the financial resources set aside for carrying out specific activities in a given period of time. A budget is prepared for the effective utilization of …

Difference between Budget and Forecast

Budgeting and Forecasting are two important constituents of managerial decision making process and refer to the anticipated actions and events in a specified future period but still there are wide …

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