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I agree with mr. Vaiyapuri's submission & nothing more to add on it.
Thanx for the invitation
An estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals.
One of the most important administrative tools, a budget serves also as a (1) plan of action for achieving quantified objectives, (2) standard for measuring performance, and (3) device for coping with foreseeable adverse situations.
Since budgeting allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you. Following a budget or spending plan will also keep you out of debt or help you work your way out of debt if you are currently in debt.
Thanks for invite me
But it's not related my skill
Sorry for it
A budget can be defined as a detailed plan, expressed in quantitative terms and interesting aspects of the activities of a company, for a future period determined.
The budget is based on forecasts, but there is a willingness of action on the future. This is a plan
An essential aspect of the budget is that it concerns the future, but this term future, is often associated with the forecast.
Predict is a judgment on the evolution of things.
The prediction may be based on a scientific basis by the study of past evolution and trends.
Agree with expert ansewrs above
I prefer to leave answers to Experts. Thanks for Your kind Invitation.
agreed with experts,
..............thanks
Budget is your business plan , based in you past experience , including cost of operation and Forecasting you sale revenue this also determine your needs for man power and finance, such cash flow etc….
In simple way, the budget is the financial plan for certain actions during fixed period. It is mandatory to prepare healthy cash flow during the period and avoid the debt.
a Budget is typically a plan of income vs expenditure, the budget is proposed income less expected operating cost, designed to meet companies forecast business plan
