BUDGETING

Budgeting

BUDGETING

Introduction

A budget is a complete description of all the expenses and all the revenues for a financial year. It is a part of the financial planning and financial management of a company. A budget has the detail of all the expenses to be incurred by the company and helps a company allocate resources for a financial year. It also has the details for the revenue collection for a financial period.

NEED FOR BUDGETING:

Every Company needs a budget to run its operations in a smooth manner and make plans for the financial year. The budget helps a company allocate its resources properly ...