All of the Following Are Common Internal Reports Except

question 28

Multiple Choice

All of the following are common internal reports except

• A) Budgets
• B) Performance reports
• C) Variance reports
• D) Statements of comprehensive income

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Definitions:

Journal Entries

The method by which financial transactions are recorded in a company's accounting records, noting the accounts affected and the amounts involved.

Debit Cash

An accounting entry that increases the cash balance in the company's ledger.

Checklist

A comprehensive list of items or tasks that need to be completed, often used for verification, inspection, or procedural purposes.

Invoice Approval

The process of reviewing and verifying supplier invoices before payment is made, ensuring the amounts billed are accurate and authorized.