ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are the two basic parts of a budget?
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Income and expenses
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Assets and liabilities
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Cash and loans
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Savings and bills
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Explanation:
Detailed explanation-1: -The 2 main parts of a Government budget are revenue and expenditure of the Government.
Detailed explanation-2: -The two main categories in your budget are Direct Costs and Facilities & Administrative (F&A or indirect) Costs.
Detailed explanation-3: -The three main elements, or parts, of a personal budget are income, expenditures, and savings. Each of the three elements plays a part in ensuring that a household operates and uses their income responsibly.
Detailed explanation-4: -A budget is a plan for managing income and expenses over a set time frame. There are different types of budgets you can use to manage your money. Budgets can help you track spending and live within your means.
There is 1 question to complete.