ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following can BEST help you develop budget categories and provide a basis for your budget?
A
paycheck stub
B
balance sheet
C
cash flow statement
D
cost benefit analysis
Explanation: 

Detailed explanation-1: -The Four Main Types of Budgets and Budgeting Methods. There are four common types of budgets that companies use: (1) incremental, (2) activity-based, (3) value proposition, and (4) zero-based.

Detailed explanation-2: -The statement of cash flows document presents all items of credit or debit much more formally than a cash budget does. While it includes most of the same sources for cash and uses for cash as the cash budget, it may include more refined details about where the cash comes from and how it is spent.

Detailed explanation-3: -Include the money you spend on everyday expenses, bills, and savings. Also include benefits you use to pay for things that would otherwise be paid for with cash, such as SNAP and TANF. Remember that some benefits may only be used for specific expenses.

Detailed explanation-4: -Step 1: Determine the time frame. Step 2: Estimate sales units. Step 3: Estimate sales income. Step 4: Estimate timing of income. Step 5: Itemise and add expenditure. Step 6: Work out surplus or deficit. Step 7: Review sales units. Step 8: Review timing of sales income. More items •04-Jul-2022

There is 1 question to complete.