what do you understand by the budget ? Describe it's important for any organization?
Answer (1)
7th Aug, 2022
Hi,
Budget is a maximum expected expense that one institute is targeting to invest in some project/plan for development and growth with the aim that at least the budget amount is returned back without any loss.
Budgeting plays vital role for any organisation which forces it to not to overspend on plans that might creat huge loss in future.
Without budgeting and mathematics, it would be very difficult to analyse the ways to invest best amout suitable for project, neither more nor less.
It helps greatly for positive growth of the organization.
Thank you!
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