From the following information, prepare a Cash Budget for the 3 months that is ending on 30 November…


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From the following information, prepare a Cash Budget for the 3 months that is ending on 30 November… 1 answer below » From the following information, prepare a Cash Budget for the 3 months that is ending on 30 November 2009: View complete question » Months Sales Rs. Purchases Rs. Wages Its. Factory Expenses Rs. Office Expenses Rs. June 25,000 11,800 1,600 1,200 2,800 July 24,000 12,010 1,680 1,170 3,000 August 22,950 12,600 1,740 1,230 3,600 September 23,400 11,550 1,740 1,260 4,200 October 27,000 11,250 1,770 1,530 4,800 November 28,500 13,200 1,770 l,800 From the following information, prepare a Cash Budget for the 3 months that is ending on 30 November 2009: Months Sales Rs. Purchases Rs. Wages Its. Factory Expenses Rs. Office Expenses Rs. June 25,000 11,800 1,600 1,200 2,800 July 24,000 12,010 1,680 1,170 3,000 August 22,950 12,600 1,740 1,230 3,600 September 23,400 11,550 1,740 1,260 4,200 October 27,000 11,250 1,770 1,530 4,800 November 28,500 13,200 1,770 l,800 3,900 The Bank Balance on 1 September 2009 is Rs. 3,000. A sales commission @ 5% on sales, which is due in the month following the month in which the sales dues are collected, is payable in addition to the office expenses. Fixed Assets worth Rs. 19,500 will be purchased in September 2009 to be paid in October 2009. Rs. 5,000 in respect of debenture interest will be paid in October 2009. The period of credit allowed to customers is 2 months and 1 month’s credit is obtained from the suppliers of goods. Wages are paid on an average, fortnightly on the 1st and 16th of each month. Expenses are paid in the month in which they are due. View less » Jun 11 2014 04:15 PM

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