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Which best describes the purpose of recording past income and spending in a budget?
O to know the historic cost of goods
O to serve as the basis for future planning
O to learn why having savings is important
O to learn why expenditures are likely to increase

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.

Learn more about budget from

https://brainly.com/question/6663636