ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Income
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Budget
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Currency
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This one should be easy. Why are you even looking at this option.
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Detailed explanation-1: -A budget is an estimation of the revenue and expenses over a specified future period of time and is compiled and re-evaluated on a periodic basis.
Detailed explanation-2: -When the revenue is more than the expenditure it is called as surplus budget whereas when the expenditure is more than the revenue it is called as deficit budget.
Detailed explanation-3: -An income and expenditure budget for a project (or a program, or a whole organization), will show: the anticipated costs (expenditure), and funding (income) to cover those costs, for a specified period of time.
Detailed explanation-4: -A budget is an estimate of income and expenses for a set period of time. To budget means to organize your finances in such a way that you manage to save up rather than owe more money.
Detailed explanation-5: -Definition: A budget is a financial document used to project future income and expenses. To put it simply, a budget plans future saving and spending as well as planned income and expenses.