Advertisement Remove all ads

Explain Any Four Features of a Budget. - Commerce

Answer in Brief

Explain any four features of a budget. 

Advertisement Remove all ads

Solution

(i) A budget is a statement of expected results expressed in quantitative terms.

(ii) It provides a standard by which actual observation can be measured and by which variations can be checked.

(iii) It is a single-use plan since it is prepared for a particular period of time.

(iv) A budget forces an enterprise to make in advance a numerical compilation of expected cash nows, expenses and revenues, capital outlays or machine hour utilization. 

Concept: Budget and Programme
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×