Definition of Master budget:
A budget that summarizes and integrates all the individual budgets within an organization.
How to use Master budget in a sentence?
- You need to always follow your master budget as well as you can and not do anything that puts it in to much jeopardy.
- With several new departments coming on board, the accounting department began to realize that creating the master budget would be more difficult this year.
- I had to consult our master budget and decide if we could afford something that we really needed for our company.
Meaning of Master budget & Master budget Definition