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Which of the following statements are true for forcast and budget?

A. Forecast and budget are one and same thing

B. Budget is prepared after the forecast

C. Forecast and budget both can be expressed in financial form

D. All of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above