Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Chapter 18.2, Problem 4TP
Summary Introduction

To discuss: The purpose of preparing budgets in an organization and also identify three different types of budgets.

Introduction: Budget refers to estimate of revenue and expense over given period of time. It can be prepared for individual, family, organization, government and country.

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