Q.No.8: Prepare a Cash Budget for the months of January- March 2021. Cash and Bank Balance on
January 01, 2021 is Rs. 20000.
MONTH SALES (RS.)
WAGES (RS.)
PURCHASE
(RS.)
OVERHEADS
(RS.)
OCT. 20
160000
120000
5000
12000
NOV.20
200000
150000
16400
14000
DEC.02.
240000
190000
19000
10000
JAN. 21
280000
220000
18000
13000
FEB. 21
320000
180000
17800
14500
MAR. 21
360000
175000
14000
11000
APR. 21
400000
200000
19700
9500
Additional Information:
40% Sales are on cash basis.
Collection from Debtors is as follows:
70% in next month of sales
30% in the second month following sales
Suppliers of goods extend 60 days credit.
Machinery worth Rs. 50000 will be purchased in February
. Fixed Expenses are Rs. 10000 per month, includes Rs. 3000 depreciation.
- Wages are paid one month in advance and overheads remain outstanding on an average
for 1 month
The company has a policy of maintaining a minimum cash balance of Rs. 10000 and maximum cash
balance of Rs. 25000. Shortage is to be borrowed and excess is to be first used for repayment of
borrowings and then invested in multiple of Rs. 1000. Ignoring interest, prepare the Cash Budget.
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