Which of the following is NOT a basic function of a budget? - 1243

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Which of the following is NOT a basic function of a budget?

A. Budgets compare historical costs of the firm with its current cost performance.

B. Budgets indicate the need for future financing.

C. Budgets provide the basis for corrective action when actual figures differ from the budgeted figures.

D. Budgets allow for performance evaluation. 

Solution Description

Which of the following is NOT a basic function of a budget?