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 the choices are correct.

Question

Quizplus · Accepted Answer

Accounts receivable would appear on a budgeted balance sheet as it represents unpaid customer invoices that the company expects to collect in the future. The other choices (income tax expense, sales commissions, and depreciation expense) are all expenses that would be reflected on the income statement portion of the budget, not the balance sheet.

Which of the Following Accounts Would Appear on a Budgeted