In relation to the balance sheet or income statement,the budget
A)requires greater accuracy.
B)requires greater concern for financial goals.
C)is less concerned with planning.
D)is less important.

Question

Quizplus · Accepted Answer

The budget requires greater concern for financial goals as it is a financial plan that outlines expected revenues and expenses over a specific period of time in order to achieve specific goals. While accuracy is important, it is not necessarily more important than in relation to the balance sheet or income statement. The budget also plays an important role in planning and is not less important than other financial statements.

In Relation to the Balance Sheet or Income Statement,the Budget