Which of these is required to balance the budget for the year?

Social Studies

2 answers:

vichka [17]3 years ago

8 0

A sounds fair because it would make sense

Alexus [3.1K]3 years ago

7 0

Answer:

Correct option is (a)

Explanation:

A budget is said to be balanced when the revenue earned during the period matches the expenses incurred. In case revenue is more than expenses, there is a surplus and when expenses are more than revenue, there is a deficit. Equality between revenue and expenses make the budget balanced. A balanced budget may have revenue more than spending or expenses, but spending should not be more than revenue.

Therefore, revenue should be equal to spending to balance the budget.

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