A company is expecting to have Rs. 32,000 cash in hand on 1.4.2005 and it requests you to prepare Cash Budget for the three Months, April to June 2005. The following informations is supplied to you.Other Information:Period of credit allowed by supplier in two months., 25% of sales is for cash and the period of credit allowed to customer for credit sales is one month., Delay in payment of wages & expenses one month., Income Tax Rs. 2,8000 is to be paid in June 2005.
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Answer:
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Explanation:
Tax Rs. 2,8000 is to be paid in June 2005.
Answer:
A company is expected to have Rs.32,000
cash in hand on 1.4.2018 and it requests you
to prepare cash budget for the three months,
April to June 2018. The following
information is supplied to you:
Month Sales Purchases WagesExpenses
Rs. Rs. Rs. Rs.
February 70,000 44,000 6,000 5,000
March 80,000 56,000 9,000 6,000
April 96,000 60,000 9,000 7,000
May 1,00,000 68,000 11,000 9,000
June 1,20,000 62,000 14,000 9,000
Other information:
(i) Period of credit allowed by suppliers is
two months
(ii) 25% of sales is for cash and the period
of credit allowed to customers for credit
sales is one month
(iii) Delay in payment of wages and
expenses one month.
Income tax Rs. 28,000 is to be