The following budgeted information relates to Chin Ltd for the three months ending 31 July 20*9. The
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The following budgeted information relates to Chin Ltd for the three months ending 31 July 20*9.
The cash balance at 1 May 20*9 is expected to be £120.
Required
Prepare a cash budget for each of the three months ending 31 July 20*9.
Transcribed Image Text:
Cash sales Receipts from debtors Payments to creditors Cash purchases Rent Wages Other expenses Purchase of shop fittings Depreciation of shop fittings June July 6,400 8,000 36,800 59,200 25,600 28,800 3,680 4,320 3,200 3,200 May 8,000 56,000 27,200 3,840 3,200 12,800 12,800 12,800 2,800 5,696 4,960 3,000 250 250 250
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