158k views
1 vote
The managerial accounting report showing predicted amounts of sales and expenses for the budget period is the:

1 Answer

6 votes

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
by
7.8k points

No related questions found