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Yamini Agrawal

| Posted on | Education


Types of budgets?


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Types of budgets are -

1. Production budget - an estimate of the number of units that must be manufactured to meet the sales goals. The production budget also estimate the various cost involved with manufacturing those units including labour and material.

2. Sales budget- an estimate of future sales often broken down into both units and currency. It is used to create company sales goals.

3. Capital budget- it is used to determine whether and organisations long term investment such as new machinery, replacement machinery, new plants, new product and research and development projects are worth pursuing.

4. Cashflow budget- prediction of future cash receipt and expenditures for a particular time period. The cash flow budget helps the business determine when income will be sufficient to cover expenses and when the company will need to seek outside financing.

5. Marketing budget- an estimate of the funds needed for promotion, advertising, and public relation in order to market the product or service.Letsdiskuss


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