ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Setting up emergency funds
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Relying on debt
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Improving credit score
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Establishing a projected goal
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Detailed explanation-1: -Answer and Explanation: The correct answer is B. Provides assurance that accounting records are in accordance with generally accepted accounting principles.
Detailed explanation-2: -Which of the following is not a benefit of budgeting? It enables disciplinary action to be taken at every level of responsibility. Budgeting does not necessarily enable disciplinary action to be taken at every level of responsibility.
Detailed explanation-3: -Explanation for correct answer: Preventing net operating loss is not a part of budgeting as the budget is prepared towards finding realizable goals.
Detailed explanation-4: -Gives you control over your money. Helps you focus on your financial goals. Keeps you on top of what you’re spending. Makes it easier to stay aware of your savings and debts. More items