DOMBIVLI SHIKSHAN PRASARAK MANDALS

K. V. PENDHARKAR COLLEGE OF
ARTS, SCIENCE AND COMMERCE
(AUTONOMOUS).
Dombivali (East) 421203, Dist. Thane.

DEPARTMENT OF ACCOUNTING & FINANCE

SECOND INTERNAL EXAMINATION

SEMESTER VI
ASSIGNMENT
For the subject of
Cost Accounting

By

(Student Name: Hansika Pramod Bedekar)

(Roll No: 22-9225)
(Class and Division: TYBAF/B)

To the Subject Teacher

Prof. Rakesh Chavan
&
Prof. Ashwini Bagkar
 BUDGET
INTRODUCTION
A budget is a Calculation play, usually but not always financial, ,for a defined
period, often one year or a month. A budget may include anticipated sales volumes
and Revenues, resource quantities including time, costs and expenses,
environmental impacts such as greenhouse gas emissions, other impacts, assets,
liabilities and cash flows. Companies, governments, families, and other
organizations use budgets to express Strategic plans of activities in measurable
terms.
A budget expresses intended expenditures along with proposals for how to meet
them with resources. A budget may express a surplus,, providing resources for use
at a future time, or a deficit in which expenditures exceed income or other
resources.

Types Of Budget:
1.Sales Budget
2.Production Budget
3.Captial Budget
4.Cash Flow/ Cash Budget
5.Marketing Budget
6.personal Budget
7.Flexibility Budget
8.Expenditure Budget
INTRODUCTION OF PERSONAL BUDGET :

Earning money is an important aspect of life, but spending it wisely is even

more important. Importance of making a personal budget is a part of financial
planning that cannot be overemphasized. If you and your family want financial
security, then a budget is the only answer.
A family budget is a financial plan that outlines how much money a family
has coming in and going out each month. It is a tool that helps families manage
their money more effectively, by identifying where their money is going and making
adjustments as needed. Having a family budget is important for several reasons.
In this project, we will examine our current spending habits ,identify
areas where we can reduce expenses, and create a realistic budget that will help
us to reach our financial goals.
In this, family cash budget the number of family members are 4 and the
currently only one of them is generating the income from his job.
The member of family also own a property from which there is a income and
some non expected expenses. This budget is for 6 months from April to September.
 COMPUTATION OF CASH BUDGET
No. Particulars April May June July August September
A) Opening 50,000 65,300 80,900 1,21,100 1,33,500 1,48,200
Balance
B) Receipts:
a. Salary 20,000 20,000 20,000 20,000 20,000 20,000
b. Bank interest 400 400 400 400 400 400
c. Bonus - - 25,000 - - -
d. Rent 7,800 7,800 7,800 7,800 7,800 7,800
e. Scrap value 1,000 - 500 - - -
c) Sub Total(A+B) 79,200 93,500 1,34,600 1,49,300 1,61,700 1,76,400
D) Payments:

a. Medicines 1,000 1,000 1,000 1,000 1,000 1,000

b. Education fees 3,000 3,000 3,000 3,000 3,000 3,000

c.. Grocery 4,500 3,500 4,500 4,500 4,000 4,500

d. Bills and 1,000 1,000 1,000 1,000 1,000 1,000
recharge
e. Repairs - - - 2,000 - 3,000
f. Travelling Exp. 3,600 3,600 3,600 3,600 3,600 3,600
g. Miscellaneous 800 500 400 700 900 500
Exp.
E) Total payment 13,900 12,600 13,500 15,800 13,500 16,600
F) Closing 65,300 80,900 1,21,100 1,33,500 1,48,200 1,59,800
balance(C-E)
ANALYSIS:
1.The opening balance is Rs.50,000 And after deducting all expenses
the opening balance of next month is increasing.

2.From the above Family budget, It is shown that the salary and
Rent is the major source of the income.

3. In this budget, Travelling Expenses and Grocery expenses are

More so if we try to reduce this expenses then the family can
Increase the closing balance.

SUGGESTIONS AND RECOMMENDATIONS:

1.As the data shows positive balance family Can do any personal
Expenses little bit more, Also they have to keep on outflow.

2.For more positive cash flow, more members of the family should
Start generating income.