GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Budgets can be classified according to
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Time
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Flexibility
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Functions
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All of the above
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Explanation:
Detailed explanation-1: -Based on conditions prevailing, a budget can be classified into 2 types; Basic Budget, and. Current Budget.
Detailed explanation-2: -The three types of budgets are a surplus budget, a balanced budget, and a deficit budget.
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