The process of investigating what is being done and comparing the results with the corresponding budget data to verify accomplishments or remedy differences is referred to as
A)activity-based costing (ABC).
B)accounting audits.
C)budgetary control.
D)financial audits.
E)management audits.

Question

Quizplus · Accepted Answer

Budgetary control is the process of comparing actual results with budgeted results to see if expenses are in line with expectations. This helps businesses track their progress and take corrective action if necessary. Activity-based costing, accounting audits, financial audits, and management audits are all different types of accounting methods or audits that may be used to assess a company's financial performance, but they are not specifically focused on comparing results to a budget.

The Process of Investigating What Is Being Done and Comparing