A budget is all expenses of the performances which has done by actual forecasting in front of the income and sources but balance sheet is a sheet that we appear what we have and both sides of balance should be equal and shows the situation of a company but budget shows the estimation of the costs!
by
Yousif abuaglah, CMA , Finance Manager , Diqat Al- Tanfeez Construction Establishment
Budget is based on assumptions and expectations for next period and it is used for planning as well as as motivation tools plus means of control and etc..... While balance sheet reflect what had already been occured during the financial year.
by
Asif Umer , Accounting Manager , Garden College Ltd
A few differences are as below;1. The nature of balance sheet is related to "Balances (i.e; Assets, Liabilities, Equity)" (Unless projected) Vs The nature of Budget is related to "Transactions (i,e; incomes and expenses) (In general)2. Balance sheet represents current financial position Vs budget is an estimate of future transactions3. Balance sheets gives net worth of company/business Vs budget gives an idea of future prospects4. Balance sheet is a result of past activities Vs budget monitors future activities
الميزانيه تتم مره واحده في السنه في31/12 من كل سنه وتبين الوضع المالي للشركه خلال العام
اما الموزنه يتم فعلها عده مرات طوال السنه يرجع ذالك الي نظام الشركه وراس مالها وتبين الوضع المالي للشركه في فتره محدده
Balance sheet reflect what had already been occured during the financial year .
Budget is the estimation of the revenue and expenses over a specified future period of time.
by
Jashim B.V. , Accountant , Gulf Int'l Building Metlic Const.Ind.Co.LLC.
Balance Sheet is the main financial statement and it shows Company's Asset, Liabilities and Owners equity at point in time.
Budget is financial plan for Company's future activities.
A budget is all expenses of the performances which has done by actual forecasting in front of the income and sources but balance sheet is a sheet that we appear what we have and both sides of balance should be equal and shows the situation of a company but budget shows the estimation of the costs!
الموازنة العامة عبارة عن خطة مستقبلية بأرقام تقديرية لإيرادات ومصروفات فترة مالية قادمة تقدر عادة بعام .
الميزانية تعني قائمة أو حساب للمركز المالي يبين للمهتمين الوضع المالي لمنشأة معينة بتاريخ محدد يكون في العادة نهاية الفترة المالية
