Asked by Haddon Barrett on May 12, 2024

verifed

Verified

A managerial accounting report that presents predicted amounts of the company's assets,liabilities,and equity as of the end of the budget period is called a(n) :

A) Rolling balance sheet.
B) Continuous balance sheet.
C) Budgeted balance sheet.
D) Cash balance sheet.
E) Operating balance sheet.

Budgeted Balance Sheet

A projection of a company's financial position at a future date, showing anticipated assets, liabilities, and equity.

Managerial Accounting

The process of identifying, measuring, analyzing, and interpreting accounting information by business managers to make informed strategic decisions.

Company's Assets

A company's assets are resources owned by the company that have economic value and can be used to meet its debts, commit to spending, or invest in future business activities.

  • Familiarize oneself with the formulation and elements involved in a budgeted balance sheet.
verifed

Verified Answer

MA
Maricris ArceoMay 14, 2024
Final Answer :
C
Explanation :
A budgeted balance sheet is a managerial accounting report that presents predicted amounts of the company's assets, liabilities and equity as of the end of the budget period. It helps managers to plan for future financial needs and make informed decisions regarding investments, financing, and operations. Rolling balance sheet and continuous balance sheet are not commonly used terms in managerial accounting. Cash balance sheet and operating balance sheet are specific types of balance sheets that focus on the company's cash and operating activities, respectively.