ABC agency Ltd has provided the following particulars. You are forced to prepare a Cash budget plan for the 3 months that is ending on 31 December 1994:

Months

Sales Rs.

You are watching: Abc company prepared a cash budget for the month

Materials Rs.

Wages Rs.

Overhaeds Rs.

August

20,000

10,200

3,800

1,900

September

21,000

10,000

3,800

2,100

October

23,000

9,800

4,000

2,300

November

25,000

10,000

4,200

2,400

December

30,000

10,800

4,500

2,500

Credit state are:

Sales/Debtors—10% Sales are on cash basis. 50% of the credit transaction Sales are built up next month and the balance in the adhering to month.

Creditors:

Materials

2 months

Wages

1/2 month

Overheads

1/5 month

Cash Balance top top 1 October 1994 is intended to be Rs. 8,000.A machinery will certainly be installed in august 1992 at a expense of Rs. 1,00,000. The monthly instalment the Rs. 5,000 is payable from October onwards.1,900A Dividend in ~ 10% on preference Share resources of Rs, 3,00,000 will certainly be paid on 1 December 1994.Advance to be obtained for the revenue of automobile is Rs. 20,000 in December.Income taxation (advance) come be payment in December—Rs. 5,000.
Jan 16 2021 07:41 PM

1 authorized Answer


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Rameshanswered on January 18, 2021
5Ratings,(8 Votes)
CASH spending plan FOR 3 MONTHS  
ParticularsOctoberNovemberDecember  
CASH RECEIPTS     
Cash sales230025003000  
Collection native Debtors (WN 1)184501980021600  
Advance on revenue of vehicle  20000  
TOTAL CASH RECEIPTS (A)207502230044600  
CASH PAYMENTS     
Payment to creditors10200100009800  
wages payment (WN2)390041004350  
Overheads payment...

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