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Write the difference between budget & budgeting?
Ans) An estimation of the revenue & expenses over a specified future period of time. A budget can be made for a person, family, country, multinational organization or just about anything else that creates and spends money. A budget is a microeconomic concept that describes the tradeoff made when one good is exchanged for another.
Budgeting lies at the foundation of every financial plan. It doesn't matter if you're living paycheck to paycheck or earning six-figures a year, you require to know where your money is leaving if you want to have a handle on your finances.. It really about understands how much money you have, where it goes, and then planning how to best assign those funds. Here's everything you require to help you create and maintain a budget
Cross indexing is made up
On 11/1/05 the Scranton Electric Company issued a check in the amount of $36,000 to the Fly By Night Insurance Company. The amount represented the total premiums on a liability ins
GAAP that is Generally Accepted Accounting Principles encompass the conventions, rules and processes necessary to explain accepted accounting practice at an exact time........gener
All relevant information and explanations about a business have been included in its financial reports
Q. What do you mean by bookkeeping? Accounting is frequently confused with bookkeeping. Bookkeeping is a mechanical procedure that records the routine economic activities of a
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Q. What do you mean by Risk management contracts? In the normal course of business the Company utilizes a variety of off-balance-sheet financial instruments to manage its expos
“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.”
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