GENERAL KNOWLEDGE

Detailed explanation-1: -Zero-based budgeting (ZBB) is a budgeting technique in which all expenses must be justified for a new period or year starting from zero, versus starting with the previous budget and adjusting it as needed.

Detailed explanation-2: -Zero-based budgeting (ZBB) is a budgeting approach that involves developing a new budget from scratch every time (i.e., starting from “zero”), versus starting with the previous period’s budget and adjusting it as needed.

Detailed explanation-3: -What is zero-based budgeting? Zero-based budgeting is a method that has you allocate all of your money to expenses for needs and wants, as well as short-and long-term savings and debt payments. The goal is that your income minus your expenditures equals zero by the end of the month.

Detailed explanation-4: -Zero Based Budgeting is a method of budgeting in which all the expenses must be justified for each new period. Zero based budgeting starts from zero base and each function has to analyse the cost from zero.