accounting report?

A responsibility accounting report that compares actual costs and expenses for a department with the budgeted amount is called

A. Performance report

B. Service report

C. Income statement

D. Balance sheet

E. Cost report

Top 1 Answers

A few days ago

Richie M

Favorite Answer

I would go for (e) cost report, since it is costs and expenses that is being compared.

Not (c) and (d) because they are not responsibility accounting report. Performance report (a) is like a more detailed income statement and it is not comparative.

I’ve never heard of (b) service report, but it sounds like employee service record.

Hope this helps.

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