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Budgetary Fund Balance and Fund Balance.]what each are and how they differ?

Budgetary Fund Balance and Fund Balance.]what each are and how they differ?

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Answer #1
BUDGETARY FUND BALANCE FUND BALANCE
# As the name suggests it is Budegted balance # It is the actual balance of the Business
# It does not change the actual volume of activity # Here balance change in every movement ot transcation or activity
# It operates on one level of activity and one set of level of condition # It consists of various budgets of different levels of activity
# All costs are related to one level of activity #Analysis of variances provides useful information
#If the budgeted and actual activity levels differ significantly then the aspects like cost ascertainment and price fixation donot give a correct picture #It providesmeningful basis of comparison of actual performance
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