Which type of budget indicates more expenses than income?
O O O O
a deficit budget
a balanced budget
a debt budget
an equity budget

Question

05-01-2021
Business

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Which type of budget indicates more expenses than income?
O O O O
a deficit budget
a balanced budget
a debt budget
an equity budget

Sagot :

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Samawatiidn Samawatiidn · Answer 1 · 2021-01-05T17:30:03-05:00

Answer:

a deficit budget

Explanation:

A budget is a plan detailing how an individual, a firm, or a government will spend its anticipated revenue. In short, a budget is a plan of expenditure. Budgets are usually prepared at the beginning of a period to guide the use of available resources.

An ideal situation is when the planned expenditure equal to the expected income. Such a plan is called a balanced budget. However, in some circumstances, the planned expenditure exceeds the projected income. That budget is a deficit budget.

Sagot :

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