Budget Flashcards
1
Q
What is a budget?
A
A budget is a short term plan for a business.
2
Q
What is revenue and income budgets?
A
Revenue and income budgets is the sales revenue a business predicts to receive in the future.
3
Q
What is the importance of budgets?
A
The importance of budgets is that it can help businesses manage their finances.
4
Q
What is the usefulness of budgets?
A
The usefulness of budgets is that it helps businesses set targets for revenues and profits. It can also help tell managers if their business is performing well as they expected.
