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If you don't budget, you may struggle to keep track of your spending, leading to overspending and potential debt. Without a clear financial plan, you might find it difficult to save for emergencies or future goals, resulting in financial stress. Additionally, unexpected expenses could derail your finances, making it harder to maintain your desired lifestyle. Overall, a lack of budgeting can lead to financial instability and uncertainty.

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1w ago

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What happen if you didnt do your taxes on time. and it was to late who can you talk to?

what happen if you don't do your taxes in time, and it was to late to file . who can you talk to? or how can you get in contact with that person, in order to get them done.


How rolling budget system would operate?

A rolling budget system is one in which a budget is updated to add a new budget period once the most recent period has completed. Another term for this type of system is "continuous budgeting."


Explain the purposes of sales budget?

Sales budget is the most important budget while making the overall budget for the organization for a fiscal year. It is important in this sense that how would anybody make fiscal budget for organization if he don't know about how much to sale or what are the organization's sale would be. If you know the sales volume of units of product you want to sale in a fiscal year then you will make production budget according to that sales requirement in mind you will have production information in mind you will purchase raw material, hire labour according to requirements. So if you don't know about how much you want to sale then how would you budget other things and how would you compare your performance at the end of fiscal year.


What are the behavioral Implications of Budgeting?

behavioural implications of budgeting are, budgetary slack and participative budgeting. budgetary slack tends to happen when the manager of division wants their performance looks good, but in the wrong way by padding the budget. therefore, they looks like "beat the budget". participative budget can cause delay andvacillation.


How would you promote awareness of the importance budget control?

Human resource