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Name-Khatun Panchmahal
SUBJECT- ECONOMICS
TOPIC-FAMILY BUDGET
ROLL NO- 49
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.
Types of Budget

 Surplus Budget
 Deficit Budget
 Balanced Budget
Surplus Budget

 It takes place
 when total
 income of the
 family is more
 than its total
 expenditure.
Deficit Budget

 It takes place when total income
 of the family is lesser than its total
 expenditure.
Balanced Budget

 It takes place when total income
 of the family is equal to total
 expenditure.
Components of budget

 Receipts
 Expenditure
Receipts

 Receipts includes the total income
  of the family from various
  sources.
 Eg. Income from salary ,rent from
  shop , interest on savings etc.
Expenditure

 Expenditure includes money
  spent on various goods and
  services.
 Eg. Expenses on
  loan, groceries, clothing paying of
  bills etc.
Quiz Time
Which among the following is
most alarming situation?
A.   Balanced budget
         situation


B.    Surplus budget
         situation

C.    Deficit budget
        situation
Oops wrong answer
Correct answer
What are the components of the
budget
A. Receipts and
     expenditure

B.   Income and
      expenses

C.    Debit and
       credit
Oops wrong answer
Correct answer
Subject  economics

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Subject economics