Question

An important rule of budgeting is:

A. Those responsible for complying with budgets must participate in budget preparation.
B. Money left over in the capital equipment budget is applied to the operating budget.
C. Unused budgeted funds are carried over into the next budgeting period.
D. Expenses are always charged to one central authority in the organization.

Answer 1

A. Those responsible for complying with budgets must participate in budget preparation.

Step-by-step explanation:

An important rule of budgeting is those responsible for complying with budgets must participate in budget preparation.