Which of the Following Is True Regarding the Budgetary Comparison

question 123

Multiple Choice

Which of the following is true regarding the Budgetary Comparison Schedule?

• A) The Budgetary Comparison Schedule compares the actual results to both the original budget and the final budget, but display of variances is optional.
• B) The Budgetary Comparison Schedule is considered part of the basic financial statements.
• C) The Budgetary Comparison Schedule must be prepared for the General Fund and each major special revenue fund that has a legally adopted budget.
• D) Both A and C are true.

---

Definitions:

Advantages

The favorable factors or benefits that give something a superior position or make it more effective compared to others.

Disadvantages

The negative aspects or drawbacks associated with a particular decision, situation, product, or service.

Sales Promotion

Marketing activities designed to increase sales in the short term, often through discounts, coupons, or special offers.

Main Street

Typically refers to the main thoroughfare in a town or city, often a center for local businesses and commerce, symbolizing the economic and social heart of a community.