Is it possible for the cash budget and the pro forma income statement to have different results?

Question

Quizplus · Accepted Answer

The cash budget and pro forma income statement can have different results because they account for revenues and expenses over different time periods. The cash budget focuses on cash inflows and outflows on a monthly or quarterly basis, while the pro forma income statement projects revenues and expenses over the entire year. This can lead to differences in the timing of when revenue and expenses are accounted for, resulting in different outcomes.

Is It Possible for the Cash Budget and the Pro