To determine how effectively the budget is working,you can use:
A) the balance sheet.
B) the bank statement.
C) income and expenditure records.
D) the financial statements at the beginning of the period.
E) financial goals.

Question

Quizplus · Accepted Answer

Income and expenditure records are the best way to determine how effectively the budget is working. By comparing the actual income and expenditures to the budgeted amounts, you can identify any areas where you may be overspending or underspending, and make adjustments as necessary. The balance sheet, bank statement, and financial statements at the beginning of the period can provide useful information as well, but they do not give you the same level of detail as the income and expenditure records. Financial goals are important for setting the budget in the first place, but they do not help you evaluate how well the budget is working after it has been implemented.

To Determine How Effectively the Budget Is Working,you Can Use