Question

and
1.100. Cash balance at the
early o pugu
.
computed and paid when repayment is made at the end of the quarter.
1,100. Cash hala
Answer: Interest payable in 3rd and 4th quarter is 675 and
end of 4th quarter is * 23,825.]
P14.4. Prepare the cash budget for the three months ending 30th June, 2014 from the
given below
June 2014 from the information
Prepar
[Answ
52,860
P14.6. The fo
financ
1,700
Sales
Purc
Raw
Expe
Addi
(ii)
(iv)
Materials
Sales
Wages
Month
Overheads
9,600
14,000
3,000
February
9,000
15,000
3,000
1,900
March
16,000
9,200
3,200
April
2,000
10,000
17,000
3,600
2,200
May
18,000
10,400
4,000
2,300
June
(6) Credit terms : 10% sales are on cash, 50% of the credit sales are collected next month
and the balance in the following month.
Creditors Materials
2 Months
Wages
1/4 month
Overheads
1/2 month
(c) Cash and bank balance on 1st April, 2014 is expected to be * 6,000.
(d) Other relevant information is :
(i) Plant and machinery will be installed in February 2014 at a cost of 796,000. The
monthly installments of 2,000 is payable from April onwards.
(ii) Advance to be received for sale of vehicles 9,000 in June.
(ii) Preference Dividends @ 5% is payable on Preference Capital of 2,00,000 on 1st June.
(iv) Dividends from investments amounting to 1,000 are expected to be received in June.
(v) Income tax (advance) to be paid in June is 2,000.
[Answer : Cash balance at the end of different months is 3,950, 3,000 and
respectively.)
P14.5. Ashok Ball Bearings Ltd. is preparing the cash budget for the first half of year
wiatadalas and other items are iron berunder
Timures in 3)
Pre
[An
Μο
"st half of year 2014. The
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Answer 1

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