The term that describes differences between actual and budgeted results is:
A) mistake.
B) variance.
C) divergence.
D) discrepancy.

Question

Quizplus · Accepted Answer

The term that describes differences between actual and budgeted results is called a variance. Mistake, divergence, and discrepancy may be used to describe the same situation, but variance is the specific accounting term used to describe the difference between budgeted and actual results.

The Term That Describes Differences Between Actual and Budgeted Results