. Cash at bank [overdraft] estimated on 1st April 2008 is Rs.25, 000


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estimated on 1st April 2008 is Rs.25, 000" amount="29.99"]

. Cash at bank [overdraft] estimated on 1st April 2008 is Rs.25, 000 1 answer below » ABC Co. wished to arrange overdraft facilities with its bankers during the period April 2008 to June 2008 when it will be manufacturing mostly for the stock. Prepare a Cash Budget for the above period from the following data, indicating the extent of the bank facilities the company will require at the end of each month. View complete question » Particulars Sales Purchases Wages February 2008 Rs.1, 80,000 Rs.1, 24,800 Rs.12, 000 March 1, 92,000 1, 44,000 14, 000 April 1, 08,000 2, 43,000 11, 000 May 1, 74,000 2, 46,000 ABC Co. wished to arrange overdraft facilities with its bankers during the period April 2008 to June 2008 when it will be manufacturing mostly for the stock. Prepare a Cash Budget for the above period from the following data, indicating the extent of the bank facilities the company will require at the end of each month. Particulars Sales Purchases Wages February 2008 Rs.1, 80,000 Rs.1, 24,800 Rs.12, 000 March 1, 92,000 1, 44,000 14, 000 April 1, 08,000 2, 43,000 11, 000 May 1, 74,000 2, 46,000 10, 000 June 1, 26,000 2, 68,000 15, 000 Additional Information: 1. 50% of the credit sales are realized in the month following the sales and remaining 50% in the second month following. Creditors are paid in the month following the month of purchases. There are no cash sales or cash purchases 2. Cash at bank [overdraft] estimated on 1st April 2008 is Rs.25, 000 View less » Jul 24 2014 07:50 AM

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estimated on 1st April 2008 is Rs.25, 000" amount="29.99"]