the capital budget is associated with
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Capital budgets is related to long terms assets. capital budgeting is process a business undertake to evaluate potential major projects and investment.
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It is associated with ling term assets.
- The mechanism by which a business assesses future major ventures or investments is known as capital budgeting.
- The budget is needed before a project is accepted or refused, as it majorly involves long term assets.
- For example - The decision for the construction of a new plant or to open a new shop follows proper budgeting. This will consider the long term assets and cash flows involved.
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