Budget – Balance Sheet
Budget
A budget is a detailed and thorough estimation of a company’s revenues and expenses that will be incurred during an accounting period or a productive activity.
Balance sheet
The Balance Sheet is an accounting table (spreadsheet) that displays the Assets, Liabilities and Receivables of a business during a specific period of time. The balance sheet, income statement and accompanying financial statements are a valuable tool for analyzing the financial position and prospects of the business and are used by banks and investors to evaluate the business position before granting a loan or buying shares in the stock market.
