The document discusses family budgets, including the types (surplus, deficit, balanced), components (receipts, expenditures), and definitions. A family budget is a plan for family income and expenses. A surplus budget occurs when income exceeds expenses, while a deficit budget happens when expenses are greater than income. A balanced budget means income and expenses are equal. Receipts include total family income from various sources like salary and rent. Expenditures cover money spent on goods and services like loans, groceries, and bills.

1. Name-Khatun Panchmahal
SUBJECT- ECONOMICS
TOPIC-FAMILY BUDGET
ROLL NO- 49

2. Introduction
 The word ‘Budget’ is derived from the
French word ‘baguette', a small bag
containing financial proposal.
 When the process of planning about
income and expenditure takes place
for the family it becomes a family
budget.

3. Types of Budget
 Surplus Budget
 Deficit Budget
 Balanced Budget

4. Surplus Budget
 It takes place
when total
income of the
family is more
than its total
expenditure.

5. Deficit Budget
 It takes place when total income
of the family is lesser than its total
expenditure.

6. Balanced Budget
 It takes place when total income
of the family is equal to total
expenditure.

7. Components of budget
 Receipts
 Expenditure

8. Receipts
 Receipts includes the total income
of the family from various
sources.
 Eg. Income from salary ,rent from
shop , interest on savings etc.

9. Expenditure
 Expenditure includes money
spent on various goods and
services.
 Eg. Expenses on
loan, groceries, clothing paying of
bills etc.

10. Quiz Time

11. Which among the following is
most alarming situation?
A. Balanced budget
situation
B. Surplus budget
situation
C. Deficit budget
situation

12. Oops wrong answer

13. Correct answer

14. What are the components of the
budget
A. Receipts and
expenditure
B. Income and
expenses
C. Debit and
credit

15. Oops wrong answer

16. Correct answer