Accounting MascotAccounting Q&A

What is the use of budgeting?
submitted by Mac A. Roni

Roblo

I dunno. I gave up a long time ago.

Estelcelis

Budgeting in financial term is used to estimate the income and expenses to avoid over spending or overdraft in the bank account and determine the remaining available balance that can be use for unexpected events or expenditures.

fredrick Edesiri David

Budgeting is a financial plan based on income and expenditure in the future in order to avoid impulsive buying.

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