To determine how effectively the budget is working,you can compare it to
A)the personal balance sheet.
B)the income and expense statement.
C)the record of actual income and expenses.
D)the year-end financial statements.
E)your financial goals.

Question

Quizplus · Accepted Answer

To determine how effectively the budget is working, it is most effective to compare it to the record of actual income and expenses. This will allow you to identify any discrepancies and adjust your budget accordingly. Comparing the budget to other financial statements, such as the personal balance sheet or year-end financial statements, may provide additional insights but may not give as clear of a picture of the budget's effectiveness. Comparing the budget to your financial goals can also be helpful but may not provide as concrete of information.

To Determine How Effectively the Budget Is Working,you Can Compare