2. Budget:-
it is as estimation of revenue and experence over a
specified future period of time are is useally and re-
evaluated a periodcal basis
Budgeting:-
It is entire process of preparation of budget is called budgeting
Budgeting Control:-
It is a system of controlling the cost which includes the preparation
as budgets co-ordanation the department and establishing
responsiblities conposing actuve performance with the budget

3. Advantages
* Incusere production efficience
* Etemination of waste
* Cost Control
* Masimise
* Efficient operation In business
Disadvantages
* Uncertain future
* Problems in co-ordination
* Conflict among the different deportment

4. Types of budget :-
1. Functional Budget
2. Flexible Budget
Function Budget:-
* Sales Budget
* Purchase Budget
* Production Budget
* Cabour Budget
* Sales and distrubution Budget
* Administrative cost Budget
* Capital expenditure Budget

5. Functional Budget:- Fun a budget of income and expenditure opparater are the
responsibilite of particulare function
1.Sales Budget:- It is financial plan which sources how the resourses should be
allocated to achive the forecost sale
2.Purchase Budget:- Purchase Budget is a budget contains amount of inventory
the company most purchase during each management period
3.Production Budget:- Production budget is calclated number of units produce
that must be manfiture and is calclated and desive from the sales forecost and
amount of finshied goods inventory to others hand
4.Labour Budget:- Labour budget is usefull aniticipate cabour time requiments
for the production. It also helps in requirments of the cabour
5.Sales and Distrubution Budget:- And it is a selling and distrubution
cost is a budget forecost the cost of selling and distrubution of the
product those expenses will expected with expenses sales figure during
the period
6.Administretive cost Budget:- Administretive budget are financial plan
that include are expected for a period
7.Capital Expenditure Budget:- It is a formal plan the stagethe amounts
on timings are fixed asstes purchased by the organiction.

6. Fixed And Flexible Budget:-
* Cash Budget
* Master Budget
Cash Budget:- Cash budget is a company existament in cash flow
and out cashflow over specified preiod of time.
Master Budget:- All the functional division of the orgnations
prepare the budget for the practical division the master budget is
some of all division budget.