Respuesta :
The difference of $500 is known as a budget variance. Thus, option B is correct.
What is a budget?
Budget can be defined as the amount that is being taken and the amount of income and expenses savings, with various categories being decided. A budget is generally prepared for a fixed period of time and that amount is set to do the expenses.
A budget is created by a family, individual, country, or company. Basically, anyone can,create a budget depending upon his or her needs.
Jubi's expense budget = 2000
Jubi spent = $2500
Extra amount spent by Jubi = $500
This $500 difference in amount is known as a Budget variance. Budget variance can be when the amount goes either higher or lower than the predefined amount that was initially the spending or the budget amount. Therefore, option B is the correct option.
Learn more about budget, here:
https://brainly.com/question/18803390
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The question is incomplete, the option is:
an asset
a budget variance
a liability
