Budgeted income statement is that income statement which is
prepared before the actual income statement based on standard
measurement and amounts in planning stage to foresee the future of
business and which is used for controlling purpose as well.
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Budgeted income statement is the projected or planned income
statement based on standard amounts to foresee the future business
or company position before it
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You divide the percent of tax to your total and you will get
your answer
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Budgeted income statement is prepared at the last after
preparing all other budgets and sales budget is the starting point
of budgeting process.