Question

write down the importance of budget nd explain it's types?? ​

Answer 1

Explanation:

Importance of budget

ThinkStock Photos Depending on the feasibility of these estimates, budgets are of three types -- balanced budget, surplus budget and deficit budget. A government budget is said to be a balanced budget if the estimated government expenditure is equal to expected government receipts in a particular financial year.

The budget of a government is a summary or plan of the intended revenues and expenditures of that government. There are three types of government budget : the operating or current budget, the capital or investment budget, and the cash or cash flow budget.

A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. Budgets can be made for a person, a group of people, a business, a government, or just about anything else that makes and spends money.

Based on conditions prevailing, a budget can be classified into 2 types;

• Basic Budget, and.
• Basic Budget, and.Current Budget.

There are six main budgeting techniques:

1. Incremental budgeting...
2. Activity-based budgeting...
3. Value proposition budgeting...
4. Zero-based budgeting...
5. Cash flow budgeting...
6. Surplus budgeting...

Answer 2

Explanation:

The budget of a government is a summary or plan of the intended revenues and expenditures of that government. There are three types of government budget : the operating or current budget, the capital or investment budget, and the cash or cash flow budget.