A budgetary comparison schedule presented as required supplementary information for the general fund should report variances for the difference between:
I.Original budget amounts and final budget amounts.
II.Final budget amounts and actual amounts.

Question

Quizplus · Accepted Answer

A budgetary comparison schedule for the general fund should report variances between the final budget amounts and actual amounts, as this reflects whether or not the budget was effective in controlling spending and maintaining revenues. Variances between the original budget and final budget amounts are not as relevant for evaluating budget performance.

A Budgetary Comparison Schedule Presented as Required Supplementary Information for the General