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Question
Plans made for a period of _____ year or less is termed as budget.
Plans made for a period of _____ year or less is termed as budget.
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Solution
The correct option is A one
A budget is a financial plan for a defined period of time, usually a year.A budget is the sum of money allocated for a particular purpose and the summary of intended expenditures along with proposals for how to meet them. It may include a budget surplus, providing money for use at a future time, or a deficit in which expenses exceed income.
A budget is a financial plan for a defined period of time, usually a year.
A budget is the sum of money allocated for a particular purpose and the summary of intended expenditures along with proposals for how to meet them. It may include a budget surplus, providing money for use at a future time, or a deficit in which expenses exceed income.
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