smittenkittens1
Answered

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

Verified Answer :

meerkat18

The two quantities that does a budget balance are INCOME AND SPENDING.

Income and spending is also known as revenue and expenditure.
A budget balance happens when the spending is equal to the income. 
A budget surplus occurs when the income is more than the spending.
A budget deficit occurs when the spending is more than the income.

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