The budgeting module of the accounting application ________.
A)shows balances in all asset,liability,and equity accounts
B)keeps records and reports financial results to investors,creditors,and other external users
C)assists management in quantifying goals for revenues and expenses
D)manages retained earnings,dividends payments,and long-term financing

Question

Quizplus · Accepted Answer

The budgeting module is designed to assist management in setting quantifiable goals for revenues and expenses. It helps in creating plans and forecasts for future periods by analyzing historical data and market trends. It is not primarily focused on showing balances in accounts or managing long-term financing or dividends payments. These functions are typically performed by other modules within the accounting application.

The Budgeting Module of the Accounting Application ________