A budget is a:
A) plan that calculates the interest on loan.
B) schedule of personal investments.
C) list of prepaid expenses.
D) detailed financial forecast.
E) set of personal financial objectives.

Question

Quizplus · Accepted Answer

A budget is a detailed financial forecast that outlines projected income and expenses for a specific period. It helps individuals or organizations to plan their spending and track their financial progress. A budget typically includes estimates of income, fixed and variable expenses, savings, and investment goals. It is an essential tool for managing personal or business finances.

A Budget Is A