Answer:
Income statement shows past financial performance of an entity for a defined period of time while, budget shows future estimated cash flows of an entity for a defined time period.
sana makatulong
Budget: an estimate of income and expenditure for a set period of time.
Income: money received, especially on a regular basis, for work or through investments.
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Answers & Comments
Answer:
MAIN DIFFERENCE BETWEEN BUDGET AND INCOME
Income statement shows past financial performance of an entity for a defined period of time while, budget shows future estimated cash flows of an entity for a defined time period.
sana makatulong
Answer:
Budget: an estimate of income and expenditure for a set period of time.
Income: money received, especially on a regular basis, for work or through investments.