Which of the following can be drawn tentatively and used as a goal against which actual performance can be measured?
A)Statement of cash flow
B)Profit and loss statement
C)Balance sheet
D)External audit
E)Capital budget

Question

Quizplus · Accepted Answer

Some managers draw up tentative profit and loss statements and use them as goals. Then performance is measured against these goals or standards. From comparative statements of this type, a manager can identify trouble areas and correct them.

Which of the Following Can Be Drawn Tentatively and Used