What are the main purposes of a budget? Select three options. to record past income and spending to take out a student loan from the bank to plan future income and spending to apply for a mortgage to balance available resources and expenses

Question

Social Studies

Wesley Schneider

22 November, 01:20

What are the main purposes of a budget? Select three options. to record past income and spending to take out a student loan from the bank to plan future income and spending to apply for a mortgage to balance available resources and expenses

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Answers (2)

Know the Answer?

Micah Horne · Answer 1

To record past income and spending, to plan future income and spending, to balance available resources and expenses

Beatrice Soto · Answer 2

The correct choices are;

to record past income and spending

to plan future income and spending

to balance available resources and expenses

Budgeting is a fundamentally vital piece of the business arranging process. Entrepreneurs and administrators should have the capacity to anticipate whether a business will make a profit or not. The motivation behind budgeting is essentially to give a model of how the business may perform, fiscally, if certain procedures, occasions, plans are done.

The purpose of budgeting is to give a monetary structure to the basic leadership process i. e. is the proposed course activity something we have made arrangements for or not.