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7 Cards in this Set

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business budget
has two purposes to anticipate soureces and amounts of income and to predict the types and amounts of expenses for a specific business activity or the entire business
The money that you would recieve is called?
income
revenue is often used in place of the word?
income
the costs of operating a business?
expenses
How many steps are there in preparing a busienss budget?
4
plans income and expenses from the beggining of the business until it becomes profitable.
start-up budget
describes the financial plan for the day to day operations of the business
operating budget