Which of the following are the stages of budget making?

CA Foundation · Business Economics · MTP · May 2026
Which of the following are the stages of budget making?
(A) A. Drafting, Implementation, Monitoring
(B) B. Preparation, Enactment, Execution
(C) C. Forecasting, Revenue Mobilization, Audit
(D) D. Planning, Spending, Reporting

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Preparation, Enactment, Execution

Topics: Public Finance

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