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Participative Budgeting or Self Imposed Budgeting: Learning Objective of the article: Define and explain the term "self imposed or participative budgeting" in managerial accounting. Explain the importance and use of…
Learning Objectives: Define and explain margin of safety. Calculate margin of safety ratio in Percentage. What is its significance/importance? Calculation of merging of safety in cost volume profit analysis Contents: Definition…
After studying Budgeting and Planning article you should be able to: Understand why organizations budget and the processes they use to create budgets. Prepare a sales budget, including a schedule…
Rubab Ali 
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Shamsa Rafique