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Budget is a formal and approve document. It has two parts: How much funds are required and how these would be met. It is the same as cash inflow and outflow. Estimates reflect only expenditure side and it could be an informal way. Supposing a dam is to constructed. First will come the estimate say $5 billions. Even if this figure is accepted as realistic, the question would arise where from the money would come. On identifying the genuine sources, a budget would be prepared and approved. In short, while both show future costs, estimate point out towards expenditure while the budget would also give details on financial plan or how that expenditure would be met.
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What is difference between the terms real estate and real property?
They have the same meaning.
What the difference between planned value and earned value?
Planned Value is the authorized budget assigned to the scheduled work to be accomplished for a schedule activity or a work breakdown structure component Earned Value is the value of completed work expressed in terms of the approved budget assigned to that work for a schedule activity or work breakdown structure component.
What is the difference between a business plan and a budget?
A business plan is an overall look at a business that lists areas like product overview, marketing plan, action plan and it includes financial history (if any) and financial predictions; there fore a budget. So in terms of comparing these two in the same context, a budget is a subcategory of a business plan. when talking in general, a business plan gives a comprehensive look at a company and it's objectives, while a budget shows financial planning.
What is the difference between terms of trade and balance of trade?
terms of trade is the relationship of prices of imports and exportstot=price index of imports---- price index of exportsbalance of trade is the difference between total exports and total importsbot=totall exports- total imports
What is the difference between barter system and double coincidence of wants?
The double coincidence of wants is one of the major part of the Barter System.The two basic terms actually don't have any specific difference.
What is the difference between bill and invoice?
What is the difference between Invoice & Bill, in common terms. What is the difference between Invoice & Bill, in common terms.
What is the difference between dependent and independent events in terms of probability?
What is the difference between dependant and independent events in terms of probability
What is the difference between 'as on' and 'as at' in accounting?
There is no difference between both terms as both terms represents the date at which financial statements are prapared.
What is the difference between succeeding terms called?
The difference between succeeding terms in a sequence is called the common difference in an arithmetic sequence, and the common ratio in a geometric sequence.
What difference between second name and surname?
There is no difference, the terms are synonymous.
What is the difference between a liqueur and a cordial?
There is no difference, the terms are used interchangeably.
What is the main difference between a polynomial and a binomial?
The only difference is that a binomial has two terms and a polynomial has three or more terms.
What is the difference in math terms?
Difference is a subtraction word. What is the difference between 5 and 2 = 3
What is difference between terms and conditions?
Terms >>> implied terms conditions >> "do this and you'll get that" normally under a contract
What is the difference between a PA and a PAC doctor terms?
What is PA what is PAC in doctor terms
What is the difference between login and sign in?
There is no difference between login and sign in. They are two different terms for the same action.
What is the difference between me and you in terms of our perspectives on this issue?
The difference between our perspectives on this issue lies in our individual viewpoints and beliefs.
