Final answer:
A budgeted income statement projects expected revenues and expenses, while a cash budget shows expected cash inflows and outflows. Income statement expenses include operating and non-operating expenses, while cash budget only considers cash flows.
Step-by-step explanation:
A budgeted income statement is a financial statement that projects the expected revenues and expenses for a specific time period. It provides an estimate of the company's profitability based on budgeted amounts.
A cash budget, on the other hand, is a financial plan that shows the expected cash inflows and outflows for a specific time period. It helps a company manage its cash flow and ensures that it has enough cash to cover its expenses.
The types of expenses that appear on an income statement include operating expenses, such as salaries, rent, and utilities, as well as non-operating expenses, such as interest and taxes. On a cash budget, only cash flows are considered, so only expenses that involve the outflow of cash, such as payments for supplies and equipment, would appear.