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What is budgets?

Updated: 8/17/2019
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Charanjeet

Lvl 1
13y ago

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Budgeting is the process of allocating resources in specific terms to specific items and purposes. It involves details of where resources will come from and how much is expected from each source and the items and purpose it will be spent on and what each item and purpose is expected to consume for the budget year. It also involves built in mechanism of accommodating shortfall in income.

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Wiki User

11y ago
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Wiki User

11y ago

-A plan for how available funds will be spent.

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Wiki User

13y ago

estimates of future revenue and expenditure.

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