Definition of budget, Cost Accounting

DEFINITION OF BUDGET

As per the Institute of Cost & Management (ICMA), London, a BUDGET is 'a quantitative statement and / or financial, prepared and approved prior to a defined period of time, of the policy to be pursued in that period for the purpose of attaining a given objective.  It may consist of income, expenditure and the employment of capital'.

Posted Date: 10/15/2012 7:43:58 AM | Location : United States







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