NAME: VICKY A.

CATABAY

COURSE/YEAR/SECTION: BSHM III-C

CHAPTER 7 : CONTROLLING

ACTIVITY:

ITEMS BUDGET AMOUNT BUDGET DIFFERENCE

EXPENSES

INCOME TOTAL 10,000.00 4,700.00 5,300.00

EXPENSES

 ELECTRICITY 600.00 420.00 180.00

 WATER 500.00 250.00 250.00

 LOAD/INTERNE 420.00 330.00 90.00

T
 CLOTHING 300.00 150.00 150.00
 GROCERIES 5,000.00 3,500 1,500.00
 OTHER NEEDS 2,000 1,000.00 1,000
TOTAL 8,820.00 5,650.00 3,170.00

Total Income: 10,000.00 Total Expenses: 8,820.00

ANALYSIS:

HOW IS BUDGETING IMPORTANT IN AN ORGANIZATION?

It enables the business owner to concentrate on cash flow, reducing costs, improving profits and
increasing returns on investment .If you’re running a business without a proper budget you may find
you’re actually just running around in circles and not meeting your long- term goals. By taking the
time now to set a budget, you will free up time in the future and give yourself the best chance of
achieving the rewards you want for your hard work.