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Q: What term is used for a detailed estimate income and spending for a twelve month period?
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What is budget actually about?

an estimate of income and spending for a set period of time .


What is for a plan for raising and spending money?

The word is budget. It means an estimate of income and expenditure for a set period of time.


What does deficit spending mean?

The amount by which a government, a company, or individuals spending exceeds it's income over a particular period of time.


Who is the first person to estimate Indian income during british period?

Inde Ire


What is deflect spending?

Deflect spending refers to the practice of redirecting or minimizing expenses in order to save money or avoid unnecessary costs. It involves finding alternative, more cost-effective options for goods or services, or delaying or eliminating non-essential purchases.


What is deflect?

Deficit spending is the amount by which a government, private company, or individual's spending exceeds income over a particular period of time, also called simply "deficit," or "budget deficit," the opposite of budget surplus.


What does expense report software mean?

Expense report software tracks how much you spend in a specific period of time and shows you your pattern of spending with graphs and detailed reports.


If you have total assets total liabilities and share holders fundshow do you figure out the net income?

The three items mentioned, total assets, total liabilities and shareholder funds, on their own, cannot be used to figure out net income. To figure out net income for a period, one would need the above information for the beginning of the period and the end of the period. From there, a net income estimate could be derived; however, the values would not be exact without detail from each of the sections of the balance sheet.


What is income balance?

the income balance is the amount of income earned at the end of the accounting period.


What do you mean by deferred income?

Deferred income is the converse of accruals. It is income received during an accounting period, but for which the company has not yet supplied the goods and services as at the end of the period, so which cannot be recognised as income.


What is the expanded circular flow model of the economy?

The circular flow model of the economy is a conceptualization of the basic flows of income and spending in the economy during a given period of time. It is usually depicted on a diagram, which can be viewed at the Related Link.


Do income statement accounts closed at the end of the period?

yes, all accounts must be closed at the end of the period on the income statement