2010-06-01_082253_statebudgetgondzalf -...

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For Muhammad, I have 2 questions, 1. Based on your Web Field Trip and exercise regarding the Pennsylvania state  budget, name some ways a state budget is similar to a company's budget. 1 Like company’s budget it covers a period of one year. 2 New budget is introduced every year. 3 Both comprises of revenues and expenses. 4 Both are made to set certain targets.  Name some ways in which it is different.  1. State budget covers under economics or public finance subject while company’s budget is covered under  business finance. 2. In company’s budget first revenue targets are set, while in state budget the spending is determined then the  receipts target are set and taxes are imposed. 3. State budget are made for the welfare of the people, while the company’s budget are made to make profit. 4.
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This note was uploaded on 09/09/2010 for the course ACCOUNTING 2345 taught by Professor Dr.ijueh during the Spring '10 term at twsu.edu.

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2010-06-01_082253_statebudgetgondzalf -...

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