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Which of the following best describes the main purpose of a budget?
A. To reduce discretionary spending.
B. To plan income and expenses.
C. To eliminate flexible expenses.
D. To get a good credit rating.

Respuesta :

B. To plan income and expenses

Budget

  • A budget is a financial plan for a specific time period, usually one year.
  • It could also include anticipated sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities, and cash flows.
  • A budget is an estimate of revenue and expenses for a given future period of time that is usually created and re-evaluated on a regular basis.
  • The main purpose of a budget is B. To plan income and expenses

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