3.9 Budget Flashcards
1
Q
Budgets
A
A detailed financial plan involving the expected costs and revenues for a predetermined period of time.
2
Q
Cost Centres
A
A division of a business that is responsible for its own operational costs where they don’t necessarily earn revenue for the business
3
Q
Profit Centres
A
A division of a business that is responsible for its own operational costs and revenue, making it accountable to profits
