--%>

Categories under budgets are divide

Write down the chief categories under which budgets are divided?

E

Expert

Verified

There are chief four categories under which budgets are separated which are illustrated below:

Sales or Marketing Budget:

i) Selling and Distribution Cost Budget
ii) Sales Budget
iii) Advertising Cost Budget

Production Budget:

i) Purchases Budget
ii) Production Budget

Finance Cash budget is the budget that is made under this functional region. It is an estimation of the predictable cash payments and cash receipts throughout the budget period.

Personnel budget - The budget that is made under this region takes the form of a personnel budget that point to the requirement of personnel or labor force to be conventional to the production budget.

Miscellaneous

i) Capital Expenditure Budget
ii) Overheads Cost Budget

   Related Questions in Financial Accounting

  • Q : Avoidable Interest The book says

    The book says "avoidable interest is the amount of interest cost during the period that a company could theoretically avoid if it had not made expenditures for the asset." This makes it sound like avoidable interest is the total amount of interest paid for an asset. I know it's not but I was wonder

  • Q : Pre-requisites to apply Budgetary

    Write down the pre-requisites to apply Budgetary Control?

  • Q : Calculate depreciation expense for the

    On December 31, 20x3, the PPE Company purchased an asset costing $1,000,000. The asset’s useful life is expected to be 10 years with a residual value of $300,000. a. Calculate the depreciation expense for 20x4 using:

  • Q : French Association of Private Companies

    In the year 1995, working group of the French chief executive officers was formed by the Confederation of French Industry (CNPF) and the French Association of Private Companies (AFEP) for studying the structure of the French corporate governance. Group has reported th

  • Q : What is Market for foreign exchange

    Provide a complete definition of Market for foreign exchange.

  • Q : Case study of a global economy The

    The economic recovery is seemingly on track and in fact strengthened during the first half of 2010. The global financial market however, suffered a setback with the turmoil in sovereign debt markets leading to sharp currency movements. The extent of recovery varies ac

  • Q : International foreign and domestic trade

    Explain some of the reasons why international foreign trade is difficult and risky from the perspective of exporter than is domestic trade.

  • Q : Credit Claims How to handle the Credit

    How to handle the Credit Claims?

  • Q : CASH AND ACCRUAL BASIS OF ACCOUNTING

    Using the data below,prepare abbreviated income statements for the year 2003 and 2004 on cash basis. Cash receipts from sales: 2003 2004 2005 on 2003 sales $295,000 $160,000 $30,000 On 2004 sales 0 355,000 90,000 On 2005

  • Q : Commercial bank problems Select the

    Select the right answer of the question. Assume that, for every 1-percentage point decline of the discount rate, commercial banks collectively borrow an additional $2 billion from Federal Reserve banks. Also suppose that reserve ratio is 20 percent. If the Fed incre