Identifying missing budget items Here is a portion of Joshua Sanders' budget record for a recent month. Fill in the blanks in columns 5 and 6. Use minus sign to enter negative numbers. If an amount is zero, enter "0". Amount Amount Beginning Monthly Surplus Cumulative Surplus Item Budgeted Spent Balance (Deficit) (Deficit) (1) (2) (3) (4) (5) (6) Rent $600 $630 $30 $ $ Utilities 160 172 -5 Food 500 490 -2 Auto 55 5 -5 Recreation and entertainment 120 110 -20
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Identifying missing budget items
Here is a portion of Joshua Sanders' budget record for a recent month. Fill in the blanks in columns 5 and 6. Use minus sign to enter negative numbers. If an amount is zero, enter "0".
| Amount | Amount | Beginning | Monthly Surplus | Cumulative Surplus | |
| Item | Budgeted | Spent | Balance | (Deficit) | (Deficit) |
| (1) | (2) | (3) | (4) | (5) | (6) |
| Rent | $600 | $630 | $30 | $ | $ |
| Utilities | 160 | 172 | -5 | ||
| Food | 500 | 490 | -2 | ||
| Auto | 55 | 5 | -5 | ||
| Recreation and entertainment | 120 | 110 | -20 |
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