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Types of Budget

Budget is a financial statement that provides detailed information about the revenue and expenditure of a particular year. However, there is no single rule or pro forma available to prepare budget, as in case of balance sheet and profit and loss account. You should note that different organizations follow different rules and methods to prepare their budgets. For example- government [...]

By |2019-10-21T12:10:02+05:30October 21, 2019|Types of Budget|Comments Off on Types of 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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