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What is the difference of a budget and a forecast

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Reference no: EM132916349

Question - Can you help me by explaining these questions

Q1. What is the difference of a budget and a forecast?

Q2. What is a cash budget?

Q3. What is a master budget?

Q4. Who creates a budget?

Q5. Explain two systems of budgeting top down and bottom up!

Q6. How does planning and controlling play an important role in planning?

Reference no: EM132916349

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