Budgeting is an estimation of:

Budgeting is an estimation of:

(a) Income and Investment

(b) Investment

(c) Income and Expenditure

(d) All above

✅ Correct Option: (c) Income and Expenditure

Explanation (200+ words):

Budgeting is the process of estimating income and expenditure for a specific period. It helps organizations plan finances, allocate resources, and control spending. Investment is part of expenditure, but budgeting primarily focuses on income and expenses. Therefore, the correct definition is estimation of income and expenditure.

10 Related Facts (PPSC):

Budget is financial plan Prepared annually Income sources identified Expenditures estimated Budget controls spending Budgeting prevents deficit Educational budgets planned yearly Budget approved by authority Budget is flexible Budget aids planning