From the following data prepare a Cash Budget from
April to June, 2019 and indicate the extent of Bank
facilities required at the end to each month :
(a)
Month
Sales
(`)
Purchase
(`)
Wages
(`)
February 1,80,000 1,24,800 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
(b) 50% of the Credit Sales are realized in the month
following the Sales and the 50% remaining sales in
the second month. The creditors are paid after one
month of purchase.
(c) Cash at Bank on 1st April (estimated) ` 25,000.
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