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Discussion :: Tally

  1. Budget represents ________

  2. A.

     Estimation

    B.

     Forecasting

    C.

     Assumption

    D.

     All of these

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    Answer : Option D

    Explanation :

    Budget is a plan quantified in monetary terms prepared and approved prior to a defined period of time, usually showing planned income to be generated and/or expenditure to be incurred during that period and the capital to be employed to attain a given objective.


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