Can you please explain what is required in this question. I know how to answer what a cash sales, debtors sales, revenue etc is, but it states “in respect to operational budgets”.
3 years, 11 months agoJames Chung
Thanks for the query.
An operating budget is a combination of known expenses, expected future costs, and foretasted income over the course of a year. Therefore, their definitions are the same as normal accounting definition.