2
WHAT DO YOU UND ENS PAND BY
ZERO
BASE! BUDGETING? Explain
ITS FEATURES
AND ADVANTAGES
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Answer:
˙❥˙ᴍᴇᴀɴɪɴɢ ᴏꜰ ᴢᴇʀᴏ ʙᴀꜱᴇᴅ ʙᴜᴅɢᴇᴛɪɴɢ :-
Zero-based budgeting is an approach to making a budget from s.c.r.a.tch. The budget is not based on previous budgets. Instead, the budget starts at zero. With zero-based budgeting, you need to justify every expense before adding it to the official budget.
˙❥˙ᴀᴅᴠᴀɴᴛᴀɢᴇꜱ ᴏꜰ ᴢᴇʀᴏ ʙᴀꜱᴇᴅ ʙᴜᴅɢᴇᴛɪɴɢ :-
As an accounting practice, zero-based budgeting offers a number of advantages including focused operations, lower costs, budget f.l.e.xi.bility, and strategic execution. When managers think about how each dollar is spent, the highest revenue generating operations come into greater focus.
⭐❤️ʜᴏᴘᴇ ɪᴛꜱ ʜᴇʟᴘ ʏᴏᴜ .❤️⭐
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