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Q. Definition of Capital Budgeting?
Capital Budgeting is the procedure of making decisions for investment in long-term assets. It is a method of deciding whether or not to invest the funds in a particular asset the benefit of which will be obtainable over a period of time longer than one year.
Definition of Capital Budgeting:-
As-per to the Milton H. Spencer 'Capital Budgeting engrosses the planning of expenditures for assets and the returns from which will be realized in future time periods.'
What the term objectives denotes- financial management It must be noted at the outset that term 'objective' is used in the sense of a goal or decision criterion for three decis
exercise
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