A report showing the actual financial results for a period compared to the budgeted financial results for that same period would most likely be called a
A)strategic plan.
B)management forecast.
C)performance report.
D)revised plan.
E)comparative income statement.

Question

Quizplus · Accepted Answer

A report showing actual financial results compared to budgeted financial results is a performance report. This report is used to evaluate how well the organization performed compared to its planned goals, and highlights any areas where changes or improvements may be necessary.

A Report Showing the Actual Financial Results for a Period