Ron meets with his company's accountant to discuss the budget of anticipated and actual expenses for each segment of the organization. This involves review of which type of budget?
A) Expense budget
B) Revenue budget
C) Cash budget
D) Capital budget
E) Nonfinancial budget

Question

Quizplus · Accepted Answer

An expense budget is a financial plan that outlines the anticipated and actual expenses for a specific period. Ron is meeting with his accountant to discuss the company's expenses per segment, so this involves reviewing an expense budget.

Ron Meets with His Company's Accountant to Discuss the Budget