Objectives of budget

1. Most effective tool to the management for the perfomance evaluation of the business activities

2. Defining responsibilities

3. Coordinating

4. Help in communicating

5. Useful motivation device

6. Tool for controlling cost of an organization

7. Increasing business efficiency

8. Profit maximization

9. Cost reduction

10. Increase competite strength of the business

11. Low production cost

12. Minimum waste of time, energy and money

13. Its a tool of management

14. It helps management in planning, coordination and control

15. Helps in checking the perfomance.

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