AS business studies expenditure budget

The expenditure budget is a vital part of planning a start-up because:

• –  Business likely to incur costs before it starts trading

• –  Need to ensure it has sufficient cash to pay for the costs

• –  Poor control of costs may lead to business failure

  Ideally, the expenditure budget is prepared in as much detail as possible Overall objective – needs to be complete and prudent

  – Prudent

  • Budget…