Question

Recurring expenditure and receipts are included in the _______ budget.

• A. capital
• B. interim
• C. revenue
• D. balanced

Answer 1

Answer: (C)

revenue

Recurring expenses are those expenses which are incurred by the business on a regular basis. Revenue budget is the forecast of a company's sales revenue and expenditure which includes capital expenditure. Hence, recurring expenses and receipts are also part of it because they helps to make accurate budget as they are made on daily basis. Hence, recurring expenditure and receipts are included in the revenue budget.