IGNOU MES 44 2013 - Suppose you have to prepare the budget for your institution, explain t

Question

Suppose you have to prepare the budget for your institution, explain the steps you will follow to do the same.

04 Nov 2017

Answer :

Word Count : 722

Basic steps to making a budget

1. Gather information you have regarding sources of income or expense. Statements, bills, student loan assessments and even the money you got from your grandma for your birthday. You need to know what is going out of your pocket and what is coming in. The key for this process is to create a monthly average so the more information you can dig up the better.

2. Record all of your sources of income: self-employed, employments, loans, bursaries, grants, scholarships or have any outside sources of income be sure to record these as well. If your income is in the form of a regular paycheck where taxes are automatically deducted then using the net income, or take home pay, amount is fine. Record this total income as a monthly amount.

3. Create a list of monthly expenses. Write down a list of all the expected expenses you plan on incurring over the course of a month. School fees are not only

___ ________ ______ ________ ___.
___ ______ ________ _______ ____ ______ _____ ___ ________ _____ _____ _______.
_____ _____ _____ _________ _____ ___.
______ _____ ______ ______ _________ ___ _____ _________ ____ ______.
____ ___ ______ _________ ____ _______ ____ ________ _____ __________ ____ ________.
____ ______ _____ _________ ____.
_____ _______ ___ __________ ______ ____ _____.
_______ _____ _____ __________ ___ ________ ____ ________ ____.
________ ________ ________ _________ ______ __________ _________ _________.
___ ________ _______ _______ _________ _______ _______ ____ ________ _______ ______.
_________ __________ ____ ______ __________.
_______ __________ __________ ________ _________ ________ _______.
_________ ________ _____ __________ _______ __________ ________ ___.
_____ ________ _________ __________ _________ ________ _______ _______ _______ _____ ________.
_____ ______ _____ ________ __________ ________ _______ ___ _________ _________.
________ __________ __________ ______ ______ ______ _____.
____ _______ ________ ____ _____ ______ _______ ____ ______.
____ _________ ____ ____ ______ ________.
_________ ___ _________ ______ ______ __________ ________ ________.
__________ _______ ___ ____ ___ ___ _____ ____ ___ __________.
_______ __________ ___ _____ __________ _______ ________ ________ _______ _______ ____ ____.
______ ______ _____ _____ _______ ____ ______ ____ _____.
____ _______ _______ ________ _____ ____ _______ ________ ______ ______ __________ _________.
____ ________ ___ _________ ___ _________.
________ __________ _______ ______ __________ __________ _______ ___ ________ __________ _______ ______.
__________ ___ _____ ____ ___ _____ ________ _______ ________ __________.
____ _______ _________ ____ ___.
____ _____ _____ _____ ______ _____ ________ _______ _______.
_______ _________ ________ ________ ______ _______ __________ _______ _________ _______.
______ __________ ___ ________ __________ ______ ______ _______.
______ _________ _______ __________ ___ _______ _____ _______.
________ __________ ______ _________ ___ _________ _________ ____ _____.
_________ _________ ___ ___ ________ ____ ________.
______ ______ _______ ________ _____ ___ ________ _________ _____ _____.
___ _______ _________ ____ _________.
_______ _________ ____ _____ _________.
________ ______ ________ __________ _________ _______.
_____ ____ _______ __________ ________ ___ _________ ___ _____ ___ ________.
___ _________ _______ ____ ______ _________ _____ __________ __________ ______ ________.
______ _____ ____ ______ ________ ___ _________ ______.
_____ ______ ____ _________ ___ ____ ____ _________ _________ ____ _______ ___.
_____ ________ ________ _________ _______ _______ ____ ______ _____ ___ _____.
__________ __________ ________ _______ _________ ____ _______.
__________ _____ ________ __________ ________ ___ ______ ______ _______ ____.
___ _____ ___ __________ _________.
___ _______ ________ ________ ____ __________ ____ _______ ____ __________.
_____ ___ __________ _______ ________ ______ _____ _____ _______ __________ _________ ________.
_________ __________ _________ ___ ______.
_______ ____ ____ ________ _________ _____ _________ ___ ___ ______ _____.
_________ _______ ________ ________ _______ _______ ____ __________ ____ ___ _____.
__________ ___ _______ ________ _________ ___ _________.
______ ________ ________ __________ _____ ________ _______.
____ ______ ___ ___ ______ ________ _______.
_________ _______ ______ _________ ___ ______ ____ ______ _____ ______ ________ ___.
_____ ________ ______ _______ _________ ____ ______ ______ ________ _________.
_____ _________ ___ ______ ________ ____ ___ ___.
_________ _____ ________ __________ ___ _____ ___ _______ ____.
______ _______ ____ ________ ______ _________ _____ ___ _________ __________ ____.
_________ _________ _____ ________ __________.
______ __________ __________ _____ _______ __________ _______ ____.
___ __________ _______ ______ _______.
__________ ________ _____ ____ ___ _____ ________ ______ ____.
_________ ______ _________ ______ ______ __________ _______ ____ _____.
________ __________ ___ ___ ________ ______ __________ _____.
_______ ____ ___ ________ ________ ________ ___ _________.

IGNOU ACADEMY

Your IGNOU journey, made easier.

Solved Assignments
Study Notes
Guess Papers
Question Papers

Call Us WhatsApp

STUDY • PREPARE • SUCCEED

Skip in 10

IGNOU Solved Assignments Assignments Ignou Projects Project Previous Year Solved Exam Papers Notes Notes Sample Question Papers Sample Question Papers