Jill Lee starts her business on 1 January with 15,000 in the bank. Her plans for the
Question:
Jill Lee starts her business on 1 January with £15,000 in the bank. Her plans for the first six months are as follows.
(a) Payments for goods will be made one month after purchase:
(b) All revenue consists of cash sales:
(c) Expenses will be £12,000 in January and will rise by 10% per month. They will be paid in the month incurred.
Required:
Prepare Jill Lee’s cash budget from 1 January to 30 June.
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