which best describes the purpose of recording past income and spending in a budget?\nto know the historic…

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

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

Answer

Brief Explanations:

  • "To know the historic cost of goods" focuses on goods' past costs, not budget's purpose for planning.
  • "To serve as the basis for future planning" matches: recording past income/spending in a budget helps analyze trends, allocate resources, and plan future finances.
  • "To learn why having savings is important" is about savings' importance, not budget's planning role.
  • "To learn why expenditures are likely to increase" is about expenditure trends, not budget's core planning purpose.

Answer:

B. to serve as the basis for future planning