Jriosjr25896idn
Answered

Get personalized and accurate responses to your questions with IDNLearn.com. Get accurate and detailed answers to your questions from our dedicated community members who are always ready to help.

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 :

Samawatiidn

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.

Thank you for contributing to our discussion. Don't forget to check back for new answers. Keep asking, answering, and sharing useful information. Thank you for choosing IDNLearn.com. We’re dedicated to providing clear answers, so visit us again for more solutions.