Budgeting is helpful to plan for cash inflows and outflows.

Name: Budgeting is helpful to plan for cash inflows and outflows.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Budgeting is the process of planning and tracking income and expenses over a period of time to effectively manage personal or business finances. By creating a budget, individuals or businesses can plan for expected income and expenses and ensure they have enough cash flow to cover their needs. Therefore, budgeting is helpful to plan for cash inflows and outflows.

Budgeting Is Helpful to Plan for Cash Inflows and Outflows