The projection of financial position at the end of the budget period is found on the
A) budgeted income statement.
B) cash budget.
C) budgeted balance sheet.
D) sales budget.

Question

Quizplus · Accepted Answer

The budgeted balance sheet shows the projected financial position at the end of the budget period, including the projected assets, liabilities, and equity. The budgeted income statement shows the projected revenues, expenses, and net income for the budget period, while the cash budget shows the projected cash inflows and outflows. The sales budget shows the projected sales for the budget period.

The Projection of Financial Position at the End of the Budget