Question : Assertion: Budgeting is a part of the planning process.

Reason: Budgets are prepared after the implementation phase of a plan.

Option 1:

Both assertion and reason are correct, and the reason is a correct explanation.

 

Option 2: Both assertion and reason are correct, and the reason is not correct explanation.  

Option 3: Assertion is false, but the reason is correct.

    

Option 4: Assertion is correct, but the reason is false.

Question : Assertion: Budgeting is not an ongoing process in an organization.

Reason: Budgets are prepared only once at the beginning of a financial year.

Option 1:

Both assertion and reason are correct, and the reason is a correct explanation.

Option 2: Both assertion and reason are correct, and the reason is not correct explanation.  

Option 3: Assertion is false, but the reason is correct.

Option 4: Assertion is correct, but the reason is false.

Question : Assertion: Budgeting is a continuous process of resource allocation.

Reason: Budgets are prepared only once at the beginning of the fiscal year.

Option 1:

Both assertion and reason are correct, and the reason is a correct explanation.

Option 2: Both assertion and reason are correct, and the reason is not correct explanation.     

Option 3: Assertion is false, but the reason is correct.

Option 4: Assertion is correct, but the reason is false.

Question : Assertion: Budgets help in allocating resources in a planned manner.

Reason: Budgets are related to resource allocation.

Option 1:

Both assertion and reason are correct, and the reason is a correct explanation.

Option 2: Both assertion and reason are correct, and the reason is not correct explanation.  

Option 3: Assertion is false, but the reason is correct.

Option 4: Assertion is correct, but the reason is false.

Question : Assertion: Budgeting helps in controlling expenditures.

Reason: Budgeting does not involve any control measures.

Option 1:

Both assertion and reason are correct, and the reason is a correct explanation.

Option 2: Both assertion and reason are correct, and the reason is not correct explanation.

Option 3: Assertion is false, but the reason is correct.

Option 4: Assertion is correct, but the reason is false.

Question : Assertion: Budgets help in evaluating the performance of different households.

Reason: Budgets do not provide any information on departmental performance.

Option 1:

Both assertion and reason are correct, and the reason is a correct explanation.

Option 2: Both assertion and reason are correct, and the reason is not correct explanation.   

Option 3: Assertion is false, but the reason is correct.

Option 4: Assertion is correct, but the reason is false.