select the incorrect statement about budget committees-budgeting committees usually have responsibility for the coordination of budgeting activities-membership on the budgeting committee is restricted most often to accountants because the budget involves numbers-the budgeting committee is responsible for setting disputes between various departments over budget matters

Question

Kaiya Gomez

Business

8 October, 11:44

select the incorrect statement about budget committees-budgeting committees usually have responsibility for the coordination of budgeting activities-membership on the budgeting committee is restricted most often to accountants because the budget involves numbers-the budgeting committee is responsible for setting disputes between various departments over budget matters

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Thumper · Answer 1

Incorrect Statement

budgeting committee should be responsible for the setting of disputes between different departments for the budget matters

Explanation:

All the members of budgeting committee are responsible for setting the budgets, or preparing targets.

Generally these are the accountants who prepare these budgets but the budget committee is nowhere responsible for any kind of dispute between any departments.

Budgets are prepared for cost allocation and cost basis of production and correct distribution of costs among different departments.

Thus last statement is incorrect.