Which of the following best defines the term budget? An excuse for a big legislative party A forecast for spending A forecast for revenue collection A plan for how to deal with problems
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
-
Which of the following best defines the term budget?
-
An excuse for a big legislative party
-
A
forecast for spending -
A forecast for revenue collection
-
A plan for how to deal with problems
-
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
