When budgeted and actual results are not the same amount there is a budget
A) error.
B) difference.
C) anomaly.
D) by-product.

Question

Quizplus · Accepted Answer

The term "difference" is the most appropriate term to describe the situation where budgeted and actual results are not the same because it simply means that there is a variance or discrepancy between the two amounts. The term "error" implies that there was a mistake made in the budgeting process or in recording actual results, which may not necessarily be the case. The term "anomaly" implies that the difference is unusual or unexpected, which may not necessarily be the case either. The term "by-product" has a completely different meaning unrelated to budgeting or financial analysis.

When Budgeted and Actual Results Are Not the Same Amount