Which of the following is NOT a basic function of a budget?
A. Budgets provide the basis for corrective action when actual figures differ from the budgeted figures.
B. Budgets indicate the need for future financing.
C. Budgets allow for performance evaluation.
D. Budgets compare historical costs of the firm with its current cost performance.
A. Budgets provide the basis for corrective action when actual figures differ from the budgeted figures.
B. Budgets indicate the need for future financing.
C. Budgets allow for performance evaluation.
D. Budgets compare historical costs of the firm with its current cost performance.
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