Which of the following statements is are true I The budget
Which of the following statements is (are) true:
I : The budget is about estimated income and costs, based on previous years\' income and costs.
II: The budget should be as realistic as possible.
 
| Statement I is false; Statement II is true | 
Solution
Both statements are true
I : The budget is about estimated income and costs, based on previous years\' income and costs.
II: The budget should be as realistic as possible.

