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Questions and Answers
What is budgeting?
Budgeting is the process of creating a plan to manage and allocate financial resources.
What are the types of budget plans?
The types of budget plans include operating budget, capital budget, cash flow budget, and master budget.
Why is budgeting important?
Budgeting is important because it helps individuals and organizations track their income and expenses, plan for future financial goals, and make informed financial decisions.
