. A budget is a plan of action expressed in
(A) Financial terms
(B) Non-financial terms
(C) Both
(D) Subjective matter
Answers
Answer:
I think so option d ) subjective matter
because it may depend on the budget
Answer: Option C- A budget is a plan of action expressed in both financial and non-financial terms.
A budget can be defined as a financial plan for a definite time period, usually one year.
Explanation:
1. It includes planned volumes of sales and revenues of income, quantity resources, budget costs and expenses made, all assets, all liabilities, and cash flows.
2. Large companies, government sectors, families, and other business organizations use it to determine strategic plans for business activities or major events in measurable terms.
3. A budget refers to the sum of all finances which are allocated for a particular objective or purpose and a brief summary of expenditures done along with various proposals for how to meet them. It might also include a surplus, providing funds for the need at a future time, or a deficit cost in which payments exceed receipts.