Question
1.Expected sales are as follows: August R 350,000 September R 280,000 October R 300,000 2. Cash sales are expected to be 50% of total sales.
1.Expected sales are as follows:
| August | R 350,000 |
| September | R 280,000 |
| October | R 300,000 |
2. Cash sales are expected to be 50% of total sales. The balance is on credit
3. Debtors are expected to settle their accounts as follows:
40% in the month of the sale
60% one month after the sale
4.Expected purchases are as follows:
| August | R 100,000 |
| September | R 40,000 |
| October | R 50,000 |
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The Operational Auditing Handbook Auditing Business And IT Processes
Authors: Andrew Chambers, Graham Rand
2nd Edition
0470744766, 978-0470744765
