Question

After a business designates categories of expense in its budget, it a: applies a formula. b: appoints an accountant. c: allocates a dollar amount. d: attaches a time limit.

Answer 1

c: allocates a dollar amount.

Step-by-step explanation:

Budget is a systematic accounting record of expected expenses & receipts of an entity, for a period of time.

Expenses categorization is an important stage of budget planning. After designating the expenses categories in budget, a business entity should - allocate a dollar amount to the total expenses & its further distribution within the categories.