Question :

Budget represents ________


A) Estimation
B) Forecasting
C) Assumption
D) All of these

Answer : D

Description :


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.


Related Questions - 1


Where do we record interest received, commission received or rent received in Tally


A) Contra
B) Payment
C) Receipt
D) Journal

View Answer

Related Questions - 2


Where do we record credit purchase of furniture in Tally


A) Purchase
B) Payment
C) Receipt
D) Journal

View Answer

Related Questions - 3


In tally you get currency symbol option from ________ menu


A) Company creation
B) Stock items units
C) Regional setting
D) None of the above

View Answer

Related Questions - 4


By which option Purchase or Sales register can be viewed


A) Statutory Books
B) Inventory Books
C) Accounts Books
D) Display

View Answer

Related Questions - 5


We can see list of Memorandum Vouchers from


A) Cash/Bank Books
B) Exception Reports
C) Accounts Books
D) Trial Balance

View Answer