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What are the key elements of budget?

Updated: 4/28/2022
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11y ago

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Assuming you are already in business then use the same categories you use in your Profit and Loss Statement. Your budget should obviously show that you will make a profit if everything is within budget so if you can think of something that could come up that category should be in your budget. Pencils for instance would probably be too trivial in itself for a seperate item but Stationery would not.

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11y ago
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Q: What are the key elements of budget?
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