A financial plan of action expressed in monetary terms is a/an

Assessment: WAEC SSCE - Financial Accounting - 2010 (Objective) Subject: Financial Accounting

Question 1 Report

A financial plan of action expressed in monetary terms is a/an

Answer Details
A financial plan of action expressed in monetary terms is called a "budget". It is a financial statement that outlines a person's or organization's expected income and expenses for a certain period of time. A budget helps to plan and prioritize spending, and ensure that there is enough money to cover all necessary expenses. A budget may also include financial goals and targets, and can be adjusted as circumstances change. In short, a budget is a tool for managing money and achieving financial stability.

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