___ are drawn up to measure the success or failure of the activities in achiving the objectivies of the organization a-cash budget b- periodical statement of a/c c-ledger d- balance sheet
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The correct answer to this question is option b- Periodical Statement of a/c.
Explanation:
- A periodic statement is penned documentation prepared by a financial institution, usually once a month, registering all transactions for an account, including payments, purchases, fees, and finance charges.
- This account is created for the assessment of activities, whether the desired goal has been reached.
- By recording the transactions and analyzing them it can be found out if there has been a profit or a loss.
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