On a pro-forma balance sheet, the accounts receivable balance comes directly from
A)the cash receipts budget.
B)the general ledger.
C)the cash budget.
D)the sales journal.

Question

Quizplus · Accepted Answer

The accounts receivable balance on a pro-forma balance sheet is directly derived from the cash receipts budget, which forecasts the cash inflows from sales, including those on credit.

On a Pro-Forma Balance Sheet, the Accounts Receivable Balance Comes