Comparing Actual Results to Expected Results Is Part of the ________

question 29

Multiple Choice

Comparing actual results to expected results is part of the ________.

• A) controlling function of managerial accounting
• B) planning function of managerial accounting
• C) reporting function of managerial accounting
• D) organizing function of managerial accounting

---

Definitions:

Assets

Economic resources owned or controlled by a business or individual, capable of producing value.

Liabilities

Financial obligations or debts owed by a business to external parties or entities.

Owner's Capital

The amount of money and assets the owner has invested in a business.

Revenues

The complete revenue earned from selling goods or services that are fundamental to a company's core business activities.