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How info presented in budgets differs from financials

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How does the information presented in budgets different from the information presented in the financial statements?

What type of information that many organization may include in the notes to the financial statements?

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The solution discusses how information presented in budgets differs from financials.

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Question: How does the information presented in budgets different from the information presented in the financial statements?

Answer: A budget is a planning tool that outlines the financial plans for an organization; there are various types of budgets -- operating, capital, and financial. The ...

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