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Which of the following statements are true?

A. Budget is prepared for an indefinite period

B. Budget can be expressed in form of physical units

C. It is no way related with the management plans and policies to be pursued in future

D. It provides a base for measuring the success of expected results

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