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Please help me to answers these questions. Thank you! 1. What is a budget and what are the different types of budgets? 2. What is

Please help me to answers these questions. Thank you!

1. What is a budget and what are the different types of budgets?

2. What is the difference between budgeting and long-range planning?

3. What is the process for developing a budgeted balance sheet?

4. Which of the financial budgets is the most important? Why?

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