Is an estimate of income and expenditure in a given production period.
Budgeting can be used to select the most profitable plan from among a number of alternatives and to test the profitability of any proposed change in plan. It involves testing a new plan before implementing it, to be sure that it will improve profit.
Farm budgeting is a method of estimating expected income, expenses and profit for a farm business.
joyce2 answered the question on November 12, 2017 at 08:44
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