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  • Assignment Cashbudget Answer

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    The document presents a cash budget for a company over three months. It shows cash receipts from sales, cash payments for purchases and expenses. It also includes workings that show the breakdown of credit sales receipts and credit purchase payments over time. The cash budget tracks the company's opening and closing cash balances each month.

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    Assignment cashbudget

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    The document presents a cash budget for a company over three months. It shows cash receipts from sales, cash payments for purchases and expenses. It also includes workings that show the breakdown of credit sales receipts and credit purchase payments over time. The cash budget tracks the company's opening and closing cash balances each month.

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    © All Rights Reserved
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    2 views1 page

    Assignment Cashbudget Answer

    Uploaded by

    belabed
    The document presents a cash budget for a company over three months. It shows cash receipts from sales, cash payments for purchases and expenses. It also includes workings that show the breakdown of credit sales receipts and credit purchase payments over time. The cash budget tracks the company's opening and closing cash balances each month.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    MUOnal purehases ($) 592 500 519 G60

    13.15
    Cash budget
    January February March
    ($O00) ($000) ($000)

    Cash sales 75 80 90
    Receipts from credit 245 253 254
    sales (W1)
    Total receipts 320 333 344
    Payment for (180) (195) (200)
    purchases (W2)
    Expenses paid (122) (123) (123)
    Forklift trucks (100)
    Total payments (302) (418) (323)
    Net cash 18 (85) 21
    Opening balance 15 33 (52)
    Closing balance 33 (52) (31)

    Workings
    (W1) Credit sales- receipts
    Total sales January February March
    (SO00) (SO00) ($000) (S000)

    October 250 20
    November 250 25 20
    December 250 200 25 20
    January 260 208 26
    February 260 208
    Total 245 253 254

    (W2)Creditpurchases - payments
    Total
    purchases January February March
    (S000) ($000) (S000) ($o00)
    November 180 45
    December 180 135 45
    January 200 150 50
    February 200 150
    Total 180 195 200

    .16 (a) For a description of six objectives of


    budaeting (nlanning cOgrdination

    Created with Scanner Pro

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