budgeted balance sheet

Dictionary of Accounting Terms for: budgeted balance sheet
budgeted balance sheet

schedule for expected assets, liabilities,and stockholders’ equity. It projects a company’s financial position as of the end of the budgeting year. Reasons for preparing a budgeted balance sheet follow: (1) discloses unfavorable financial condition that management may want to avoid; (2) serves as a final check on the mathematical accuracy of all other budgets; and (3) highlights future resources and obligations.

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