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Business Budgeting - Chapter 1
Business Budgeting - Chapter 1
# Objectives
# Types of Budget:-
Functional Budget:
# Other Budgets:-
# Advantages of Budget:-
# Disadvantages of Budget:-
Budget Budgeting
It is a plan It is a managerial process
It shows business objectives and It is a process of budget
means to achieve terms. preparation and decides the
objective of a budget.
It is estimate of revenue and It is implementation and
expenditure. revaluation.
It is a kind of standard. It prepares budget for standards.
Concern of business activities. Concern with budget activities.
It is related to definite future It does not work for fixed period.
period.