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 B and C are correct

Question

Quizplus · Accepted Answer

Sales revenue would appear on both the sales budget and the pro forma income statement. Accounts receivable may appear on the sales budget if it is relevant to the budgeting process, but it would not typically appear on the pro forma income statement. Selling and administrative expenses would appear on the pro forma income statement, but not necessarily on the sales budget.

Which of the Following Accounts Would Appear on the Sales