Definition

Budgeted Balance Sheet

The budgeted balance sheet is a projection of financial position at the end of the budget period. This budget is developed from the budgeted balance sheet for the preceding year and the budgets for the current year.

Share it:  Cite

More from this Section

  • Time period assumption
    Time period assumption is a convenient assumption that accountants can divide the economic ...
  • Inventory Systems
    A merchandising company keeps track of its inventory to determine what is available for ...
  • Management by exception
    Management by exception means that top management’s review of a budget report is focused ...
  • Production cost report
    A production cost report is the key document management uses to understand the activities ...
  • Additional paid-in capital
    Additional paid-in capital includes the excess of amounts paid in over par or stated value ...