Budget classification on the basis of flexibility, Financial Management


• Fixed budget: this is designed to stay unchanged irrespective of the volume of output or turnover attained.  The budget remains unchanged over a given period and does not change with the change in the volume of production or level of activity attained.

• Flexible budget/ variable budget: it is designed to change along with the changes in the output or turnover.  It changes according to the levels of activity.

Posted Date: 10/15/2012 8:17:37 AM | Location : United States

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