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7 Cards in this Set
- Front
- Back
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business budget
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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
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The money that you would recieve is called?
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income
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revenue is often used in place of the word?
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income
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the costs of operating a business?
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expenses
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How many steps are there in preparing a busienss budget?
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4
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plans income and expenses from the beggining of the business until it becomes profitable.
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start-up budget
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describes the financial plan for the day to day operations of the business
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operating budget
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