To determine how effectively the budget is working,you can use
A) the balance sheet.
B) the income statement.
C) income and expenditure records.
D) year-end financial statements.
E) financial goals.

Question

Quizplus · Accepted Answer

To determine how effectively the budget is working, income and expenditure records need to be reviewed to see if the actual expenses and revenues are in line with the budgeted amounts. The balance sheet and income statement provide information about the company's financial position and performance but do not give a detailed analysis of the budget's effectiveness. Year-end financial statements provide a summary of the financial activities for the year but may not be specific enough to evaluate the budget's success. Financial goals are important in creating a budget but do not necessarily indicate whether the budget was successful in achieving those goals.

To Determine How Effectively the Budget Is Working,you Can Use