Budgeting can be seen as a process of planning, monitoring and control. Explain the benefits of budgeting.( 10 marks)

Benefits of a business budget

· It helps in managing the money effectively.

· It assist in allocating appropriate resources to projects.

· Improvise the performance of monitor.

· Helps in achieving your objectives.

· Supports decision-making.

· Planning for the future.

· staff motivation is improved.