The correct answer is: B. Budget
A budget is a financial plan for a specific period of time. It helps to track income and expenses, and to make sure that money is available for planned purchases. A budget can be created for a household, a business, or any other organization.
A profit and loss statement is a financial statement that shows the revenues and expenses of a business for a specific period of time. It is used to calculate the net income or loss of the business.
A balance sheet is a financial statement that shows the assets, liabilities, and equity of a business at a specific point in time. It is used to assess the financial health of the business.
A cash account is a record of all cash receipts and disbursements for a business. It is used to track the flow of cash and to ensure that there is enough cash on hand to meet expenses.
In conclusion, a budget is a statement which reflects future incomes and expenditure.
