Mr. Mohan, Financial manager of ABC Ltd., has prepared the annual statement of proposed expenditure to be presented in the annual general meeting.
Identify the type of plan formulated by the financial manager.
Importance of controlling :
1. Accomplishing organisational goals: The controlling function measures progress towards the organisational goals and brings to light the deviations, if any, and indicates corrective action.
2. Ensuring Order...
Correct option is (A) ₹ 3375
The cost of food per person per day \(=Rs\;\frac{6300}{35\times24}\)
= Rs 7.5
\(\therefore\) Expenditure of 25 members for 18 days \(=Rs\;(7.5\times18\times25)\)
= Rs 3375
Revenue expenditure:
Revenue expenditure is expenditure incurred for the normal functioning of the government. Which does not create liabilities or reduce the assets of the govt.
It can be further classified into...