An enterprise is configuring TALLY 9.1 ERP system for fixing monthly budgets for expenses. A heated argument is going on the issue of when to fix budget for any head. Please help management in deciding on when to create budgets.
A. After 3 months from today based on the average expenses
B. Today itself based on past years’ experience and future projected increase
C. Cannot be fixed today
D. Today itself based on future pro-jections for expenses
Answer:B
An enterprise is configuring TALLY 9.1 ERP system for fixing monthly budgets for expenses. A heated argument is going on the issue of when to fix budget for any head. Please help management in deciding on when to create budgets.
A. After 3 months from today based on the average expenses B. Today itself based on past years’ experience and future projected increase C. Cannot be fixed today D. Today itself based on future pro-jections for expenses