MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Classifying Items of Financial Statements

A statement o...

Question

A statement of expected results and resources allocated for a specified time period is known as ______________.

A

Budget

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Ratio

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Accounting process

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Agenda

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Budget
A statement of expected results and resources allocated for a specified time period is known as a budget. In simple words, it is an estimate of incomes and expenses over a period of time. It serves as a plan of action.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Allocation of a resources in a time dependent fashion to several program simultaneously called ______________.

Q. An amount which is allowed for the prompt settlement of debt arising out of a sale within a specified time and calculated on a percentage basis is known as ___________________.

Q. A set of information that defines the status of resources allocated to a process of ______________.

Q. A capitalist economy uses ______ as the principal means of allocating resources.

Q. A capitalist economy uses ___________ as the principle means of allocating resources.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Introduction to Cash Flow Statement

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Classifying Items of Financial Statements

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon