In budgeting, it is useful to compare ________ with the budgeted amounts to determine the accuracy or error of the budget and adjust it as necessary.
A) actual inflows
B) actual outflows
C) both actual inflows and outflows
D) current assets

Question

Quizplus · Accepted Answer

In budgeting, comparing both actual inflows (revenue) and outflows (expenses) with the budgeted amounts is crucial for determining the budget's accuracy and making necessary adjustments. This comprehensive approach ensures that all aspects of the budget are monitored and controlled effectively.

In Budgeting, It Is Useful to Compare ________ with the Budgeted