Question

what do you understand by budget explain its main components​

Answer 1

Answer:

The budget is divided into two parts:

The budget is divided into two parts:The revenue receipts include both tax revenue (like income tax, excise duty) and non-tax revenue (like interest receipts, profits). Capital Budget consists of capital receipts {like borrowing, disinvestment) and long period capital expenditure (creation of assets, investment).

Answer 2

Explanation:

a budget is an estimating of revenue and expenses over a specified future of time and is usually complied and re-evaluated on a periodic basis.... at companies and organizations