ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What is meant by an expenditure budget?
|
|
A target set for the surplus between income and expenditure
|
|
|
A limit placed on the amount spent in a given period
|
|
|
A target set for the amount of revenue to be achieved in a given period
|
|
|
None of the above
|
Explanation:
Detailed explanation-1: -Budget. The budget is the government’s plan for a year. It is a table/schedule of expenditures, based on either obligations or cash concepts and the corresponding sources of financing, either from revenues, borrowings or cash balance drawdown.
Detailed explanation-2: -Expenditure – This is the total purchase price of a good or service. For example, a company buys a $10 million piece of equipment that it estimates to have a useful life of 5 years. This would be classified as a $10 million capital expenditure.
There is 1 question to complete.