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A static budget refers to a budget set by a company that predicts a certain level of sales and output before a sales period begins, while a flexible budget evaluates actual sales at the end of a given period. Static budg... More »

www.reference.com Business & Finance Business Resources Accounting

Static budgets are typically used by companies that do not expect sales and expenses to vary much during the budgeted period. A static budget is set before the budgeting period begins and stays the same throughout the pe... More »

www.reference.com Business & Finance Business Resources Accounting

A trial balance is used to check the accuracy of all ledger accounts normally at the end of an accounting period; the worksheet divides a company's accounts into credit and debits in an easy to read format. The balance s... More »

www.reference.com Business & Finance Business Resources Accounting
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An accounting balance sheet is a financial statement that reveals the financial position of a company at the end of a specified period, usually the last day of an accounting period. A standard accounting balance sheet ha... More »

www.reference.com Business & Finance Business Resources Accounting

The information found in a flexible budget report includes expenditure levels for variable costs and tools for comparing actual to budgeted performance. This budget is dependent upon changes in revenue and activity level... More »

www.reference.com Business & Finance Business Resources Accounting

A static budget is used to help control finances by calculating all fixed expenses and providing a spending limit on variable expenses based on this calculation. It can be used to prioritize spending and live within one'... More »

www.reference.com Business & Finance Business Resources Accounting

A sales budget is important because it helps the company determine how much revenue it's expected to make on a product, how much the expenses will be and how many units will need to be produced for the period. Therefore,... More »