Question: In most cases, governments prepare budgets using the same steps as those used by profit - oriented enterprises. begin the budgeting process by budgeting expenditures

In most cases, governments

prepare budgets using the same steps as those used by profit

-

oriented enterprises. begin the budgeting process by budgeting expenditures rather than receipts. can ignore budgets because they are not expected to generate net income. cannot use savings from one line item to increase spending in another line item.

In most cases, governments prepare budgets using

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