Definition

Budgeted income statement

Budgeted income statement refers to an estimate of the expected profitability of operations for the budget period. The budget income statement is the important end-product of the operating budgets. The budgeted income statement provides the basis for evaluating company performance.

Share it:  Cite

More from this Section

  • Debenture bonds
    Debenture bonds also known as unsecured bonds issued against the general credit of the ...
  • Copyrights
    The federal government grants copyrights which give the owner the exclusive right to reproduce ...
  • Drawings
    Drawings refer to the withdrawal of cash or other assets from an unincorporated business ...
  • Equity method
    Equity method is an accounting method in which the investment is common stock is initially ...
  • Inventory turnover
    Inventory turnover is a ratio that measures the number of times on average the inventory ...