The Systematic Follow Up of Each Project to See How

question 82

Multiple Choice

The systematic follow up of each project to see how it turned out is called:

• A) controlled capital expenditure.
• B) post-audit.
• C) cost performance.
• D) cost evaluation phase.

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Definitions:

Source Documents

Original records and documents that provide evidence of financial transactions and are the foundation for recording entries in the business’s accounting system.

Sales Receipts

Documents that evidence the sale of goods or services and the payment received for those sales.

Bank Statements

Monthly or quarterly documents issued by a bank detailing all transactions in a customer's account.

Cash Dividends

Payments made by a corporation to its shareholders, typically out of its earnings, as a distribution of profits.