Respuesta :
Answer:
to serve as the basis for future planning
Explanation:
There are a lot of uses for budget. The option that best describes the purpose of recording past income and spending in a budget is that to serve as the basis for future planning.
What Is a Budget?
A budget is is known to be an estimate of revenue and expenses that would be used in a specific future time.
It is known to be compiled and thoroughly reevaluated on interval basis. Budgets are known to be made by people, a group of people, a business, etc.
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