10.4 Budget
Chapter 10: Financial Management and Planning · HOME SCIENCE · EN medium
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. Budget Budget is the most common planning device for the use of money. A budget is a plan for future expenditure. It represents the first step in the managerial process as applied to money. Its success depends upon its being realistic and flexible. suitability to the group for which it is prepared. quality of the control and evaluation steps which follow. A family budget gives in detail the income and the expenditure of a family for a month or a year. It mentions all the sources of income during the period and also all the items of expenditure under different headings, such as food, clothing, housing, entertainment, travel, education, health and medicine and savings.
📖 class 11 home science ncert book chapter 10 · Page 6
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. Budget Budget is the most common planning device for the use of money. A budget is a plan for future expenditure. It represents the first step in the managerial process as applied to money.
Its success depends upon its being realistic and flexible. suitability to the group for which it is prepared. quality of the control and evaluation steps which follow. A family budget gives in detail the income and the expenditure of a family for a month or a year.
It mentions all the sources of income during the period and also all the items of expenditure under different headings, such as food, clothing, housing, entertainment, travel, education, health and medicine and savings.
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