Explain the term Budget Statement-01414
This subjective question is related to the book/course
vu eng301 Business Communication.
It can also be found in
vu eng301 Mid Term Solved Past Paper No. 5.
Question 1: Explain the term Budget Statement.
Answer:
A budget statement is a table that shows how money will be gained or spent. It may be very simple or very elaborate depending on your reader's needs. On the job, you can use budget statements in thefollowing situations:
- To explain the expenses involved with a project purchase
- To summarize the savings to be realized by following a recommendation you are making
- To report the costs that have been incurred by a project for which you have responsibility
- To explain the sources of revenue associated with some project or activity.
