A report which shows actual results,budgets,and variances is called a
A)financial plan.
B)cash budget.
C)performance report.
D)managerial report.

Question

Quizplus · Accepted Answer

A performance report is a management tool used to track the actual results of a business operation compared to its budgeted or predicted results. This report reflects the true performance of a business by analyzing both the actual and budgeted figures, as well as providing detailed information about variances, enabling the management to respond quickly to unfavorable circumstances. A financial plan is a broad term that includes more detailed financial projections of a company's future activities, while a cash budget is a financial document detailing a company's projected cash inflows and outflows over a specific period. A managerial report is too vague and can encompass several types of reports, including performance reports.

A Report Which Shows Actual Results,budgets,and Variances Is Called a