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Describe how budget assumptions operate over time, what makes the best budget assumptions and what happens...

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Accounting

Describe how budget assumptions operate over time, what makesthe best budget assumptions and what happens when they becomeinvalid. (100 words)

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It is often found that budgets are prepared for future and it is always uncertianSo assumptions are a integral part of very budget preparationSo the assumptions underlying the budget preparation would not become valid due    See Answer
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