What is Budget?
In the very common terms and the general terms the budget can be defined are parameters defining the things that are available with an individual or the group of the individuals to do a certain thing in the given frame of the time. Now this can include the money or the capital to the man power to the quality and the quantity of the man power to the various forms of the raw materials to the processed goods to the technology to almost every thing. The various kinds of the plans of the business are expressed in the form of the expressions that are based on the quantitative base or the monetary base and all the policies and the planning that needs to be taken forward by the organisation depend directly or indirectly from time to time on the Budget. The process that involves the making of the budget in an organisation is referred to as the process of the budgeting and the process of the budgeting involves the making of the budget but along with this also involves the processes like the planning, controlling and coordinating the business of an enterprise.