Which of the following accounts would appear on the sales budget and the pro forma income statement?
A) Selling and administrative expenses
B) Sales revenue
C) Accounts receivable
D) Both sales revenue and accounts receivable are correct

Question

Quizplus · Accepted Answer

The sales budget and pro forma income statement both include sales revenue, as it is a key source of revenue for the company. Accounts receivable, while important to track, is not typically included in these budgets or statements. Selling and administrative expenses would appear on the pro forma income statement but not on the sales budget.

Which of the Following Accounts Would Appear on the Sales