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:
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.
Jan 16 2021 07:41 PM
1 authorized Answer
Rameshanswered on January 18, 2021
|CASH spending plan FOR 3 MONTHS|
|Collection native Debtors (WN 1)||18450||19800||21600|
|Advance on revenue of vehicle||20000|
|TOTAL CASH RECEIPTS (A)||20750||22300||44600|
|Payment to creditors||10200||10000||9800|
|wages payment (WN2)||3900||4100||4350|
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