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A cash basis balance sheet and income statement are incomplete and inaccurate in comparison to accrual basis financial statements. The accrual basis matches effort (expenses) with accomplishment (revenues) in the income statement while the cash basis .
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Projected Income Statement Projected income statement has been attached with the report. Projected Cash Flows Projected cash flows has been attached with the report. Break Even Analysis The breakeven point for the project at the conditions assumed and estimated comes out .
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A cash basis balance sheet and income statement are incomplete and inaccurate in comparison to accrual basis financial statements. The accrual basis matches effort (expenses) with accomplishment (revenues) in the income statement while the cash basis .
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