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Which two quantities does a budget balance? Select the best answer from the choices provided. income and liabilities assets and debts income and spending spending and debts

Ramon Kelly

in Mathematics

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1 answer

Curtis Rhodes on November 15, 2018

The two quantities that makes a budget balance of INCOME AND EXPENSES.Income and expenditure is also known as revenue and expenses. A budget equilibrium occurs when spending is equal to income. A budget surplus occurs when income is greater than expenditure.A budget deficit occurs when spending is greater than revenues.

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