Q.Assertion (A) : A family budget is a way of detailing future expenses under different headings. Reason (R) : It helps the family to live within the family's income. Codes :
Correct answer: Both (A) and (R) are correct.
Explanation
A budget is a financial plan for future expenditure under different headings. Budgeting enables a family to take overview of their use of income, thus seeing it in future perspective. It helps the family to live within the family income.
A budget is a financial plan for future expenditure under different headings. Budgeting enables a family to take overview of their use of income, thus seeing it in future perspective. It helps the family to live within the family income.