Which of the following accounts would appear on the sales budget and the pro forma income statement?

Question

Quizplus · Accepted Answer

Sales revenue would appear on both the sales budget and the pro forma income statement as it represents the company's anticipated sales. Selling and administrative expenses would only appear on the pro forma income statement as it represents the anticipated expenses related to generating those sales. Accounts receivable would only appear on the cash budget and the balance sheet as it represents the anticipated inflow of cash from customers who have not yet paid for their purchases.

Which of the Following Accounts Would Appear on the Sales