ABOUT:
The word budget comes from the Latin "bulga" meaning leather bag, wallet, knapsack, etc.With the passage of time , the word began to be used to refer to the contents of the bag or the wallet.
Budget is define as a process of preparing a detailed statement of financial results that are expected for a given time period of the future. Expected means something that is likely to happen.Future which is a period in the time to come.Therefore,budgeting is the process of detailed statement of financial results that are likely to happen in a period in a time to come.
Incomings and outgoing of cash, representing the operating activities of an organization. Determine problems with a business liquidity.Being profitable does not necessary mean being liquid. A company can fail because of a shortage of cash even while profitable.
is a written document that describes in detail how a business, usually a new one, is going to achieve its goals.According to SBA "is an essential roadmap for business success".
