Budgeted Income

The budgeted income statement is one of the key schedules in the budget process.It shows the company’s planned profit for the upcoming budget period, and it stands as a benchmark against which subsequent company performance can be measured.

Budgeted Income Statement

Budgeted Income Statement: Definition and Explanation: A budgeted income statement can be prepared from the data developed in: Sales budget Ending finished goods inventory budget Selling and administrative expense budget Cash budget The budgeted income statement is one of the key schedules in the