 Sam
Site Admin
Joined: 21 May 2005
Posts: 286
Location: CALIFORNIA
120.31 Dollars($)
|
 Posted: Fri Apr 09, 2004 3:54 am Post subject: Budget A Know-How |
|
|
Budget is a detailed plan of actual or anticipated income and expenses estimated over a period of time usually an accounting period. For the national government, the period is the federal fiscal year (October 1-September 30).
Facts About Budget :The budget usually consists of three parts.
- The first part contains a message from the budget-making authority together with a summary of the proposed expenditures and the means of financing them.
- The second part consists of schedules supporting the summary. These schedules show in detail the proposed expenditures and means of financing them together with information as to past years' actual revenues and expenditures and other data used in making the estimates.
- The third part is composed of drafts of the appropriation, revenue, and borrowing measures necessary to put the budget into effect. It helps in managing costs and profits.
|
|
