BUDGETING

Budgeting

Budgeting

Introduction

A budget is a very important component in the subject of financing and accounting. A budget is referred to a list or a financial plan that gives a view of all the expenses and revenues of an organization. It is very important to prepare a budget accurately for having a clear view of the expenses and the revenues generated by an organization. An important statement has been studied and observed that “It is most sensible to start with the sales budget and develop the other budget from there.” The main focus of this paper is to elaborate this statement and analyze ...