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An annual statement of the estimated receipts and expenditure of the government over the fiscal year is known as ___________.
Income sheet
Plan
Account
Budge
- Income sheet: This is often used by companies, not governments, and reflects profits and losses over time.
- Plan: It refers to a blueprint or strategy for achieving certain goals but isn't specifically for financials.
- Account: Often refers to records of financial transactions, not necessarily an estimation of future ones.
- Budget: This is the correct term for an annual statement of estimated receipts and expenditures of a government over a fiscal year. It outlines government's financial objectives.
The correct answer is:
- Option 4 - Budget
By: Parvesh Mehta ProfileResourcesReport error
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