CA CPT Exam > CA CPT Questions > Budget refers to a)Planned target of performa...
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Budget refers to
- a)Planned target of performance
- b)Steps of handling future activities
- c)Systematic action and allocation of resources
- d)Statement of expected results expressed in numerical terms
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Budget refers to a)Planned target of performance b)Steps of handling f...
Budget refers to statement of expected results expressed in numerical terms. It is a financial plan that outlines how resources will be allocated to achieve a specific goal or objective. It is an essential tool for businesses, organizations, and individuals to manage their finances effectively.
Importance of Budgeting:
- Helps to set realistic financial goals and objectives
- Provides a framework for decision-making
- Helps to prioritize spending and avoid overspending
- Helps to identify potential problems and opportunities
- Helps to monitor and control expenses
- Helps to plan for the future and achieve long-term financial stability
Types of Budgets:
- Operating budget: It provides information on the organization's revenue and expenses for a specific period, usually a year.
- Capital budget: It outlines the organization's plans for capital expenditures, such as equipment purchases or facility upgrades.
- Cash budget: It is a projection of the organization's cash inflows and outflows for a specific period.
- Master budget: It is a comprehensive financial plan that includes all the organization's budgets, such as the operating budget, capital budget, and cash budget.
Steps in Budgeting:
- Define the objective or goal
- Estimate revenue
- Estimate expenses
- Determine the budget period
- Monitor and control expenses
In conclusion, budgeting is a critical process that helps businesses, organizations, and individuals manage their finances effectively. By setting financial goals, prioritizing spending, and monitoring expenses, budgeting can help achieve financial stability and success.
Importance of Budgeting:
- Helps to set realistic financial goals and objectives
- Provides a framework for decision-making
- Helps to prioritize spending and avoid overspending
- Helps to identify potential problems and opportunities
- Helps to monitor and control expenses
- Helps to plan for the future and achieve long-term financial stability
Types of Budgets:
- Operating budget: It provides information on the organization's revenue and expenses for a specific period, usually a year.
- Capital budget: It outlines the organization's plans for capital expenditures, such as equipment purchases or facility upgrades.
- Cash budget: It is a projection of the organization's cash inflows and outflows for a specific period.
- Master budget: It is a comprehensive financial plan that includes all the organization's budgets, such as the operating budget, capital budget, and cash budget.
Steps in Budgeting:
- Define the objective or goal
- Estimate revenue
- Estimate expenses
- Determine the budget period
- Monitor and control expenses
In conclusion, budgeting is a critical process that helps businesses, organizations, and individuals manage their finances effectively. By setting financial goals, prioritizing spending, and monitoring expenses, budgeting can help achieve financial stability and success.
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Budget refers to a)Planned target of performance b)Steps of handling future activitiesc)Systematic action and allocation of resources d)Statement of expected results expressed in numerical terms Correct answer is option 'D'. Can you explain this answer?
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Budget refers to a)Planned target of performance b)Steps of handling future activitiesc)Systematic action and allocation of resources d)Statement of expected results expressed in numerical terms Correct answer is option 'D'. Can you explain this answer? for CA CPT 2025 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about Budget refers to a)Planned target of performance b)Steps of handling future activitiesc)Systematic action and allocation of resources d)Statement of expected results expressed in numerical terms Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA CPT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Budget refers to a)Planned target of performance b)Steps of handling future activitiesc)Systematic action and allocation of resources d)Statement of expected results expressed in numerical terms Correct answer is option 'D'. Can you explain this answer?.
Budget refers to a)Planned target of performance b)Steps of handling future activitiesc)Systematic action and allocation of resources d)Statement of expected results expressed in numerical terms Correct answer is option 'D'. Can you explain this answer? for CA CPT 2025 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about Budget refers to a)Planned target of performance b)Steps of handling future activitiesc)Systematic action and allocation of resources d)Statement of expected results expressed in numerical terms Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA CPT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Budget refers to a)Planned target of performance b)Steps of handling future activitiesc)Systematic action and allocation of resources d)Statement of expected results expressed in numerical terms Correct answer is option 'D'. Can you explain this answer?.
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