Question

How does a declining budget work?

a) It declines every time you use it
b) It shows how much you budgeted versus what you spent so far
c) It adds up all your spending and income
d) It predicts how much you will need to pay for things

Answer 1

The declining budget works as

b) It shows how much you budgeted versus what you spent so far

Step-by-step explanation:

• A declining budget assists management in controlling operational costs because It shows how much you budgeted versus what you spent so far.
• In a frame budget, it is a categorized way to look at where your money is allocated each month and how much you are spending.
• It calculates expenses.The first order of business is to analyse as to exactly how much you're spending each month.
• It determines your income.
• Making a budget work takes a lot of commitment from everyone in your household, as your childcare expenses increased, or your A/C broke down and you had to spend, its all recovered from the monthly income,
• Budgeting means creating a plan that accounts for every dollar you'll earn And budgeting helps you work too hard for your money to wonder where it all went at the end of the month.