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Question

A plan for coordinating income and expenses is ________


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Solution

A plan for coordinating income and expenses is called a budget.

Explanation

A budget is an approximation or plan of revenue and expenses over a defined future time frame. It is composed and reconceptualized on a periodic basis. Budgets can be planned for a person, a family, a group of people, an entity, a country, a multinational organisation, a government or just anything else that makes and spends money


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