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  2. Types of budget with examples are12:
    • Master budget: a collection of operating and financial budgets for a fiscal term. Example: a master budget for a company that includes sales, production, and income budgets.
    • Cash budget: a budget for projected cash inflows and outflows over a specified period. Example: a cash budget for a small business that shows the expected cash receipts and payments for a month.
    • Static budget: a budget that is based on a fixed level of activity. Example: a static budget for a factory that assumes a constant output and does not change with actual production.
    • Flexible budget: a budget that adjusts to the actual level of activity. Example: a flexible budget for a restaurant that varies the food and labor costs according to the number of customers served.
    • Operating budget: a budget that covers the day-to-day operations of a business. Example: an operating budget for a retail store that includes sales, merchandise purchases, and expenses.
    • Financial budget: a budget that shows the expected financial position and performance of a business. Example: a financial budget for a corporation that includes a cash budget, a pro forma income statement, and a pro forma balance sheet.
    • Capital expenditure budget: a budget that plans for the acquisition and disposal of long-term assets. Example: a capital expenditure budget for a hospital that lists the equipment and facilities to be purchased or replaced.
    • Program budget: a budget that allocates resources to specific programs or projects. Example: a program budget for a government agency that shows the funding and expenses for each program or service.
    • Incremental budget: a budget that is based on the previous year's budget with adjustments for inflation, growth, or other factors. Example: an incremental budget for a school that increases the previous year's budget by a certain percentage.
    Learn more:

    Some of the types are:

    • 1. Master Budget A master budget is a collection of operating and financial budgets for a fiscal term. ...
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    The types of budgets include:

    • Master Budget
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  3. People also ask
    What are the different types of budgets?Yet, there are different types of budgets. Based on Users – A budget created according to the user or use namely the Corporate Budget (business budget) and a Personal Budget (individual budget). Based on Time – A budget created for a designated time period which is also called the Budgeting Period (short-term, intermediate-term, long-term).
    What are the different types of budgeting techniques?Discover how these budgeting techniques can transform your financial life and help you make informed decisions for a brighter future. Let's dive into the world of budgets by exploring three of the most common types: balanced budget, surplus budget, and deficit budget.
    What are the different types of budgeting tools?Some budgeting tools allow you to create a budget in a spreadsheet, while others allow you to input your financial data. There is also software with analytical reports, profitability forecasts, and collaboration features. What Are the 4 Stages of the Budget Process? There are 4 key stages in the budget process.
    What are the 4 stages of budgeting?There are 4 key stages in the budget process. The first stage is preparation, when you create the budget. Next, the budget needs to get approved. Third, you must install the budget in business operations. Finally, evaluate and revise the budget according to its effectiveness. Is a Budget a Plan?
     
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