Which component of the Budget Income Statement includes individual transactions and totals for each account?

The Detail Budget is the correct choice because it is designed to provide a comprehensive breakdown of individual transactions and totals for each account. This level of detail is essential for businesses to analyze their financial performance closely and is useful for budgeting and forecasting. Unlike summaries that aggregate data into broader categories, the Detail Budget allows for granular insight into how each account contributes to the overall budget. This is vital for stakeholders who want to monitor specific expense or revenue categories, as it aids in identifying trends, variances, and areas requiring attention throughout the budgeting period. Having this detailed information ensures more effective financial planning and decision-making processes within the organization.