Question

In the context of government budgets, what information is provided in the annual budget proposal?

a.

Only estimated revenues

b.

Only planned expenditures

c.

Both estimated revenues and costs

d.

Only sources of revenues

Posted under IC 89 Management Accounting

Answer: (c).Both estimated revenues and costs Explanation:Government budgets provide information such as estimated revenues, sources of revenues, allocation of revenues, estimates of expenditures (both planned and non-planned), budget deficit, and management of budget deficit.

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Q. In the context of government budgets, what information is provided in the annual budget proposal?
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