What is the difference between budget and forecast
CA Sapna Ghelani (Chartered Accountant) (7550 Points)
18 March 2021What is the difference between budget and forecast
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 18 March 2021
Both are same. Budgeting is a forecasting tool.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 18 March 2021
sabyasachi mukherjee
(27223 Points)
Replied 18 March 2021
Kapadia Pravin
(17259 Points)
Replied 18 March 2021
sabyasachi mukherjee
(27223 Points)
Replied 18 March 2021
IN ORDER TO MAKE A FORECAST REALISTIC YOU NEED TO STATE THE ASSUMPTIONS WHICH ARE EVIDENTLY NECESSARY.
Kapadia Pravin
(17259 Points)
Replied 18 March 2021
Both budget and forecast are based on key assumptions. This is common and not difference .
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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