Additional Information 1. 50 per cent of credit sales are realized in the month following the sales and remaining 50 per cent in the second month following. 2. Creditors are paid in the month following the month of purchase. 3. Wages are paid with a time lag of one month. 4. Cash at bank on 1.4.2020 is Rs. 25000 . 5. Dividend of Rs. 5000 is to be paid in the month of May. 6. Instalment of Rs. 10000 for the equipment is due in the month of June. 7. Interest of Rs. 15000 to be received in the month of April AgC Co. wishes to arrange overdraft tacilties with its bankers during the period April to June, 2020 when it will be manulacturing mosty for s:ock. Prepare a cash budget for the above period from the following data, indicasing the extent of the bank facilties the company will require at the end of each month: [10 Marks] Additional lnformation 1. 50 per cent of eredit sales are reaized in the month following the sales and remaining 50 per cent in the second month following. 2. Crechars are paid in the month following the month of purchase. 3. Wages are pad with a time lag of one month. 4. Cash at bank on 1.42020 is Rs 25000 . 5. Dvidend of Rs. 5000 is to be paid in the month of May. 6. instaiment of Rs. 10000 for the equipment is due in the month of June 7. Interest of Rs. 15000 to be raceived in the month of Agnil