difference between buddget and control

difference between budget and control is that A budget is a detailed plan of operations for a specific future period. It is an estimate which is prepared in advance of the period to which it’ applies. Budgetary control is the process of determining various budgeted figures for the enterprise for the future period and then comparing the budgeted figures with the actual performance for calculating variances.

Profit Planning or Budgeting

Learning Objectives: Define and explain the terms “profit planning” and “budgeting”. What is the difference between planning and control? What are the advantages and disadvantages of budgeting? Contents: Definition and Explanation of Profit Planning and Budgeting Difference Between Planning and Control Advantages and Disadvantages