Which of the following accounts would appear on a budgeted balance sheet?
A) Income tax expense.
B) Accounts receivable.
C) Sales commissions.
D) Depreciation expense.
E) All of these.

Question

Quizplus · Accepted Answer

Accounts receivable would appear on a budgeted balance sheet as it represents an asset that is expected to be collected in the future. The other options represent expenses and would appear on a budgeted income statement.

Which of the Following Accounts Would Appear on a Budgeted