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There are a few things you need to follow while creating a budget. In order to describe your goal, which should be attainable and flexible, you must first determine your desires. Y
our available income, the predictability of your costs, including potential emergency expenses, should be taken into account while making any plans.
The final step is to map out a review so that you can assess each stage of your preparation and make any necessary corrections. Option c is correct: review and revisions
What does budget planning entail?
The process of creating a budget and using it to manage a company's operations is known as budgetary planning.
Budgetary planning is used to reduce the possibility that an organization's financial results would be less favourable than anticipated the initial stage of budget planning.
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