Question

13) Identify the incorrect statement with respect to Budget
A) It is an estimate of available resources compared with past periods
B) It is a statement of revenue earned & expenses incurred by the Government
C) It is an estimate of resources required
D) It is an outlay of the government pertaining to taxation public expenditure & public debt.​

Answer 1

it is statement of revenueearned &

exprence incurred by the goverment

Answer 2

Answer:

Answer: A

Explanation:

"Budget is a kind of financial document. It is the action plan of the government for which it allocates the funds , it also entails certain schemes and tax reduction schemes which will be implemented in the next financial year.

Hence the statement A It is an estimate of available resources compared with past periods  doesn’t seems to be true when we talk about budget."