The correct answer is option (C) one year.
An organisation budget will often be prepared to cover one year.
What is Budgets?
- Budgets are regularly drawn up for a year.
- The year is regularly separated into quarters or months.
- In a few cases, budgets are drawn up on the premise of an working cycle, which totally follows a specific action from the time it is begun until it is completed.
- The budget usually compares with the fiscal year so that important comparisons of genuine comes about with the budget can be made.
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