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Following are selected accounts for a manufacturing company. For each account, indicate whether it will appear on a budgeted income statement (BIS) or a budgeted balance sheet (BBS). If an item will not appear on either budgeted financial statement, label it NA. Sales Office salaries expense Accumulated depreciation Amortization expense Interest expense on loan payable Cash dividends paid Bank loan owed Cost of goods sold

Sagot :

The budgeted income announcement is a monetary file that lists the anticipated sales, prices in addition to the income for a given length.

The budgeted balance sheet virtually shows the anticipated quantities for the property, liabilities and the fairness of a enterprise on the give up of the budgeting duration.

a. Sales = Budgeted income statement

b. Administrative salaries paid = Budgeted income statement

c. Accumulated depreciation =Budgeted balance sheet

d. Depreciation expense = Budgeted income statement

e. Interest paid on bank loan = Budgeted income statement

f. Cash dividends paid = N/A

g. Bank loan owed = Budgeted balance sheet

h. Cost of goods sold = Budgeted income statement

A budgeted income assertion lists the expected revenue, fees and income for a given duration. additionally called a income and loss forecast, this monetary record is based on predictions, no longer on historical facts. normally, it takes into account a organization's previous monetary results and its finances for the coming year.

Budgeting is the procedure of creating a plan to spend your money. This spending plan is called a budget. developing this spending plan allows you to determine in advance whether you will have enough money to do the stuff you need to do or would like to do.

The 3 kinds of annual authorities budgets primarily based on estimates are Surplus price range, Balanced finances, and Deficit budget.

Learn more about budgeted income here : https://brainly.com/question/22850896

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