Question

You are creating a budget for your new business what should you include?

a. all income and expenses
b. fixed expenses but not income
c.income but not variable expenses
d. fixed and variable expenses but not taxes.​

Answer 1

Answer: a. All income and expenses

Explanation: to truly know the amount of money that you will have, you must have all your income and expenses listed your budget. If not, you may end up losing a great amount of money and not understanding why.