The document prepared by a local/district government to present its annual estimates for a planning period is?

By: |Published on: Mar 20|Categories: Accounting WAEC| 0 comments

A. a balance sheet
B. a budget
C. an income and expenditure account
D. a cash book

Correct Answer: Option B

B. a budget

Explanation

A budget is an estimation of revenue and expenses over a specified future period of time; it is compiled and re-evaluated on a periodic basis.

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