Question

Expalin budget and its significance in cost accounting

Answer 1

Answer:

Explanation:budget is a chart of counting money,,and it is significance because its helps us to know about accout balance,,and help us to manage our future of business..

Answer 2

Answer:

BUDGET :

The budget of the government is an annual financial statement describing in details the estimated receipts and proposes expenditures and disbursements of the government under various heads for the financial or fiscal year.

Its significance in cost accounting :

Cost accounting plays an important role in decision making process of a company. The company's budget help the company to decide it's total revenue and expenditure which helps the company taking wise decisions regarding the future circumstances.