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

Sagot :

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Samawatiidn Samawatiidn · Answer 1 · 2021-01-07T09:20:32-05:00

Answer:

a deficit budget

Explanation:

A budget is a plan showing how an individual or an institution will spend its income. It shows the expected income and the details of planned expenditure. A budget is prepared at the beginning of a period. Ideally, the income side and the expenditure side of a budget should balance.

In some cases, the planned expenditure exceeds the projected income, indicating a shortage of income. Such a budget is called a deficit budget.

Sagot :

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