Question

A company is expected to have Rs. 25,000 cash in hand on

1st April 2015 and it request you to prepare an estimate of

cash position during the three months, April to June

2015. The following information is supplied to you.

Sales

Rs.

Purchases

Rs.

Wages

Rs.

Expenses

Rs.

February 70,000 40,000 8,000 6,000

March 80,000 50,000 8,000 7,000

April 92,000 52,000 9,000 7,000

May 1,00,000 60,000 10,000 8,000

June 1,20,000 55,000 12,000 9,000

Other information:

(a) Period of credit allowed by suppliers two months.

(b) 25% of sales is for cash and period of credit allowed

to customers for credit sales one month.

(c) Delay in payment of wages and expenses. One

month.

(d) Income tax of Rs. 25,000 is to be paid in June 2015.​

Answer 1

Answer:

Explanation:

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