Questions

1. A fixed budget is established for a specific level of activity whereas flexible budget is prepared for various levels of activity.

2. Fixed budget cannot be changed after the period commences, whereas a flexible budget can be changed after the period commence.

3. Fixed budget is more suitable for fixed expenses whereas flexible budget takes both fixed as well as variable expenses in account.

4. Fixed budget includes only fixed costs, whereas a flexible budget includes fixed costs, variable costs and semi variable costs.

5. Fixed budget is mainly used in planning stage whereas flexible budget is used in controlling stage.

Alluvial type of soil has the largest area covered in India. Alluvial soils are fine-grained fertile soil deposited by water flowing over flood plains or in river beds. Most of the soil is Sandy and clayey soils are not uncommon.

Process by which sediment is removed from its source is called Erosion.