Budgeted Income Statement

Accounting Dictionary

Budgeted Income Statement

An income statement composed of forecasted numbers instead of actual numbers.

If you hope to sell $5,000 worth of services and have $3,000 worth of expenses, your budgeted income statement would show net income of $2,000, $5,000 -$3,000. That doesn’t mean you made $2,000 in profit it just means you hope to make that much.

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