Question

Define budget and explain zerobase budget.

Answer 1

Budget is defines as an estimate of income and expenditure for a set period of time.

Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period.

The process of zero-based budgeting starts from a "zero base," and every function within an organization is analyzed for its needs and costs

Answer 2

Hey User !

=) BUDGET =) A budget is a money related arrangement for a characterized period, regularly one year.

ZEROBASE BUDGET =) It is the way toward making a financial plan from nothing without utilizing the earlier year's financial plan or spending numbers.

Hope , It Helps ...