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what is zero base budget?
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Answer / dimple
A method of budgeting in which all expenses must be justified for each new
period. Zero-based budgeting starts from a "zero base" and every function
within an organization is analyzed for its needs and costs
Zero-base budgeting does not use the previous year's budget or expenses in
setting a new budget, since the company’s circumstances and finances may
have changed. When building a budget from a zero base, every expense must be
justified. Zero-base budgeting helps you control spending and expenses
because you build your budget from zero rather than building your budget on
top of what was spent during the prior period funded.
| Is This Answer Correct ? | 15 Yes | 0 No |
Answer / divya
where income & expenditures are nil i,e there is no deficit
| Is This Answer Correct ? | 7 Yes | 5 No |
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The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
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