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What is Budget?

Budget is a plan of operations to be carried out during a specified future period and this plan comprises all aspects of business activities and summarizes the result of carrying out this plan. The word Budget is derived from a French word Bougette representing a leather pouch into which funds were appropriated to meet the anticipated expenses. However the word [...]

By |2023-02-04T15:19:16+05:30April 30, 2022|Budgeting|Comments Off on What is Budget?

Types of Budget Used in an Organisation

This article throws light upon the ten main types of budget used in an organisation. The types are: 1. Sales Budget 2. Cash Budget 3. Production Budget 4. Materials Budget 5. Labor Budget 6. Factory Overhead Budget 7. Distribution Overhead Budget 8. Administrative Overhead Budget 9. Master Budget 10. Fixed and Flexible Budget. Type # 1. Sales Budget: It includes [...]

By |2016-06-22T16:18:01+05:30June 22, 2016|Budgeting|Comments Off on Types of Budget Used in an Organisation
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