Revenue- is all the income that a business receives over a period of time.
Expences- costs of operating a bubusiness
Budget- a detailed plans for the financial needs of individuals, families, and businesses.
start-up budget- plans income and expences from begginning of a new business or a major business expansion until it becomes profitable.
operating budget- the financial plan for ongoing operations of the business for a specific period.
Cash budget- is an estimate of the actual money received and paid out for a specific period.
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