The difference between the budget and actual statements is that the budget reports past results,whereas actual statements project future results.

Name: The difference between the budget and actual statements is that the budget reports past results,whereas actual statements project future results.
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Question

Quizplus · Accepted Answer

The statement is incorrect. The budget statements project future results based on expected income and expenses, while actual statements report on past financial performance.

The Difference Between the Budget and Actual Statements Is That