Answer:
Budgeting provides a basis for evaluating performance
Explanation:
A budget can be defined as a financial plan that outlines how money will be spent for a particular period of time. A budget is used by managers to effectively plan his resources will be used.
A budget helps to coordinate activities in various department in an organization. It also helps to curb overspending of money.
Budget plays an important role in the effective utilization of funds. It helps various organizations to achieve their objectives and goals.
