D1 unit 2 Level 3 Business
M4 & P6
In a business, there are several different types of budgets that has different department/area the business has to make. For example, in a business, you can find the sales and revenue budget (a financial document that set out the business expected sales and revenue from selling its products or services), the expenditure budget (financial document that sets out the expected expenditures of a monthly basis on those items) and the profit budget (financial documents that sets out the predicted profit that a business could make).
In shabbier’s business, you will find a table format with all the of the business’s expenses, it is called the expenditure budget, there you will find all the business expenses, such as utilities, wages, rent and others as you can see below.
Budget
Actual
Sales 40,000
Sales 20.000 F
Purchases 20.000
Purchases 20.000 -
Utilities 800
Utilities 850 F insurance 1.000 insurance 1.000 -
Wages 8.000
Wages 6.000
In a business, there are several different types of budgets that has different department/area the business has to make. For example, in a business, you can find the sales and revenue budget (a financial document that set out the business expected sales and revenue from selling its products or services), the expenditure budget (financial document that sets out the expected expenditures of a monthly basis on those items) and the profit budget (financial documents that sets out the predicted profit that a business could make).
In shabbier’s business, you will find a table format with all the of the business’s expenses, it is called the expenditure budget, there you will find all the business expenses, such as utilities, wages, rent and others as you can see below.
Budget
Actual
Sales 40,000
Sales 20.000 F
Purchases 20.000
Purchases 20.000 -
Utilities 800
Utilities 850 F insurance 1.000 insurance 1.000 -
Wages 8.000
Wages 6.000