BUDGET AND BUDGETARY CONTROL Budgeting is one of the main planning activities of a HEAD OF THE DEPARTMENT. It is the process by which, based on the actual performance of establishments in the past, estimates of expenditure & receipts are made & adjusted for forecasting future outcomes. Nowadays all hotel management colleges in delhi make their students aware about budget & budgetary control among them The Hotel School is the best options which train their student in such optimum level so they can be an effective manager in near future. TYPES OF BUDGET Budgets may be of different kinds, based on types of expenses involved ➡ Capital budget ➡ Operating budget ➡ Pre-opening budget Categorized by departments involved ➡ Master budget ➡ Department budget Categorized by flexibility of expenditure Fixed budgets Flex...
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