ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of these is a document that provides pace to record the money that you receive and pay out on a monthly basis?
A
budget
B
financial statement
C
mission statement
D
SMART goal
Explanation: 

Detailed explanation-1: -The three types of annual Government budgets based on estimates are Surplus Budget, Balanced Budget, and Deficit Budget.

Detailed explanation-2: -Production Budget Determines the number of units of finished goods that must be produced each budget period to satisfy expected sales needs (from the sales budget) and to provide for the desired finished ending inventory. o Budgeted cost of goods manufactured by multiplying units produced by the cost per unit.

Detailed explanation-3: -A cash flow statement is a financial report that details the cash coming in and going out of a business. It contains three main parts: cash from operations (such as sales), cash from investing, and cash from financing (such as loans or lines of credit).

Detailed explanation-4: -Answer and Explanation: The answer is b. cash budget. A financial budget is a budget that is related to the company’s balance sheet, which includes the cash budget.

There is 1 question to complete.