Practicing Success
Practicing Success
CUET Preparation Today
| It reflects the projected net profit calculated from projected revenue minus projected costs and expenses. Basically, it summarizes all the profit data during the first year of operations of the new enterprises. Identify the subcomponent of the element of business plan |
Proforma investment statement Proforma cash flow statement Proforma income statement Proforma balance sheet |
| Proforma income statement |
| The proforma income statement is the projected net profit calculated from projected revenue minus projected costs and expenses. Basically, it summarizes all the profit data during the first year of operations of the new enterprises. In preparing the proforma income statement, 'sales by month' must be calculated first, making use of forecasting techniques as the basis. |
