Q78
Budget represents ________
A.
Estimation
B.
Forecasting
C.
Assumption
D.
All of these
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Budget is a plan quantified in monetary terms prepared and approved prior to a defined period of time, usually showing planned income to be generated and/or expenditure to be incurred during that period and the capital to be employed to attain a given objective.