Budget is an estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals.A budget can be made for a person, family, group of people, business, government, country, multinational organization or just about anything else that makes and spends money.budget is one of importent administrative tool this is the Budget Definition.
Production Budget Definition: Production budget is a detailed plan showing the number of units that must be produced during a period in order to meet both sales and inventory needs. This page only defines the term click here for detailed study about production budget.
Participative Budget Definition: A method of preparing budgets in which managers prepare their own budgets. These budgets are then reviewed by the manager’s supervisor, and any issues are resolved by mutual agreement. See Self-imposed budget.
Budget Definition: Budget is a detailed plan for the future, usually expressed in formal quantitative terms.