The process of investigating what is being done and comparing the results with the corresponding budget data to verify accomplishments or remedy differences is referred to as
A)activity-based costing.
B)budgetary auditing.
C)budgetary control.
D)financial audits.
E)budget planning.

Question

Quizplus · Accepted Answer

The process described in the question is budgetary control, which involves monitoring and adjusting actual performance against budgeted expectations to ensure that goals are met and resources are used effectively. Activity-based costing is a method of assigning costs to particular activities, while financial audits involve reviewing financial statements for accuracy and compliance. Budgetary auditing may refer to a review of the budgeting process itself to identify areas for improvement, but it is not the same as budgetary control. Budget planning involves creating a budget in the first place and is not the same as monitoring actual performance against the budget.

The Process of Investigating What Is Being Done and Comparing