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The managerial accounting report showing predicted amounts of sales and expenses for the budget period is the:

1 Answer

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Answer:

Budgeted income statement is the correct answer.

Step-by-step explanation:

The budgeted financial statement contains a set of financial statements. It includes the Income statement, balance sheet, statement of cash flows and retained earnings. They are formed from the yearly budgeting model of a business. They help in predicting the financial result and position and also the cash flow of a business. They are especially helpful while creating a new budget model as it can help to see how the impact of adjustments made on the budget model affects the financial statements.

User Gardner Bickford
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