2. Introduction
The word ‘Budget’ is derived from the
French word ‘baguette', a small bag
containing financial proposal.
When the process of planning about
income and expenditure takes place
for the family it becomes a family
budget.
8. Receipts
Receipts includes the total income
of the family from various
sources.
Eg. Income from salary ,rent from
shop , interest on savings etc.
9. Expenditure
Expenditure includes money
spent on various goods and
services.
Eg. Expenses on
loan, groceries, clothing paying of
bills etc.