A statement which reflects future incomes and expenditure
A. Profit and loss
B. Budget
C. Balance sheet
D. Cash account
Answer: Option B
Solution (By Examveda Team)
Budget is a statement that reflects future incomes and expenditure. The budget statement is an estimate of revenues and expenses predefined for a specified period. It reflects the company's future financial conditions and helps to achieve financial goals.This Question Belongs to Management >> Business Management
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