The first step in making budget is to see the size, composition and needs of the family. State whether the statement is True (or) False And Justify it
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Yes the statement is true
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The statement is true since a budget is required to have a proper composition, time and requirement of every family.
This allows a family to come up with all the requirements of a family with well being and economic stability.
This also helps in evaluating any of the deprivation in the economy of a family.
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