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12 July, 15:52

A. Is a detailed statement of receipts and expenditures for a period of time in the future

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  1. 12 July, 17:30
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    A detailed statement of receipts and expenditure for a period of time in the future is called a Budget

    Explanation

    An estimate of revenue and expenses over a particular future period of time is referred as the budget. A budget can be made for a family, for an individual or a business entity. In companies, budget is utilized as an internal tool of management.
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