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Diff. Between Budget and Projection

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(Querist)
17 January 2010 What is the difference between Budget and Projection?
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
18 January 2010 Projection is anticipated figures based on past activities and future goals.

Budget is a financial statement based on what you are sure of achievable and all expenses and income are based on that.

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