Messers Up-to-date Ltd. has instructed you to prepare a cash budget for October to December from the following particulars:

(i) Cash and bank balance as on October 1, ₹20,000.

(ii) Actual and budgeted sales:

(iii) Purchases: actual and budgeted:

(iv) Salaries and other expenses: actual and budgeted:

(v) Special points:

(a) Advance income tax, ₹5,000 in November.

(b) Plant, ₹10,000 in October.
(vi) ₹300 rent payable in advance.
(vii) 10 per cent of purchases and sales are on cash terms.
(viii) Time lag:

(a) Credit sales, 2 months

(b) Credit purchases, 1 month

(c) Salaries, two weeks

(d) Expenses, one week

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June (actual) 60,000 October (budgeted) *80,000 July 65,000 November 82,000 August 70,000 December 89,000 September 75,000