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5 Cards in this Set
- Front
- Back
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BUDGET
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an agreed plan establishing in numerical or financial terms the policy to be pursued and the anticipated outcomes off that policy
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MANAGEMENT COUNTING
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the production and use of financial and accounting info for internal purposes of planning, review and control. It is based on predictions of what will happen and analysis of the actual outcomes in comparison to the original plans
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INCOME BUDGET
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shows the agreed , planned income of the business over period of time AKA revenue budget or sales budget
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EXPENDITURE BUDGET
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shows the agreed, planned expenditure of the business over a period of time
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PROFIT
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shows the agreed, planned profit of a business over period of time
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