Question

how many side are there in the accounting statements of a budget? which are those

Answer 1

Answer:

A budget is a financial plan for a defined period, often one year. It may also include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities, and cash flows. Companies, governments, families, and other organizations use it to express strategic plans of activities or events in measurable terms.[1]

A budget is the sum of finances allocated for a particular purpose and the summary of intended expenditures along with proposals for how to meet them. It may include a budget surplus, providing money for use at a future time, or a deficit in which expenses exceed income.

Comme Sisyphe – Honoré Daumier (Brooklyn Museum)

Answer 2

1. Fixed Budget

2. Flexible Budget

3. Functional Budget/Operating Budget

4. Long-Term Budget

5. Short-Term Budget

6. Basic Budget

7. Current Budget

8. Master Budget

9. Zero Based Budgeting (ZBB)

10. Performance Budget

11. Sales Budget

12. Production Budget

13. Direct Materials Budget

14. Direct Labour Budget

15. Factory Overheads Budget

16. Financial Budget

17. Administrative Expenses Budget

18. Selling and Distribution Expenses Budget

19. Capital Expenditure Budget

20. Production Cost Budget

21. Purchase Budget

22. Labour Budget

23. Cash Budget

24. Incremental Budget

25. Rolling Budget.