Budget

A budget is the sum of money allocated for a particular purpose and the summary of intended expenditures  on a periodical base.

Types of Budgets for Business:

1.Master Budget: 

A master budget is an aggregate of a company's individual budgets designed to present a complete picture of its financial activities. 

2. Operating Budget: 

An operating budget is a forecast and analysis of projected income and expenses over the course of a specified time period.

3. Cash Flow Budget: 

A cash flow budget is a means of projecting how and when cash comes in and flows out of a business within a specified time period.

4.Financial Budget:

A financial budget presents a company's strategy for managing its assets, cash flow, income, and expenses.

5. Static Budget:

A static budget is a fixed budget that remains unaltered regardless of changes in factors such as sales volume or revenue.