Additional Information: * Debtors settle their accounts as follows: 50% in the month of sale, 30% in the month after the month of sale, and 15% in the second month after the month of sale while remaining 5% are considered irrecoverable.

*Trade creditors are paid as follows: 60% in the month of purchase, 30% in the month after the purchase while the remaining 10% is paid in the second month after the the purchase

*Wages and salaries and all the other expenses are paid as they are incurred every month.

*Other expenses include depreciation of R10 000 every month

* A loan of R10 000 was taken 5 years ago.interest on the loan. is 10% per annum. The annual interest expense is spread evenly through the year and is paid as it is incurred. 75% of the loan will be repaid in December 2023.

*The favourable bank balance at the end of October was R15 000.

REQUIRED: Prepare the Cash Budget for the months of November and December 2023.

The following information relates to Padua (pty) ltd for the three months ended 31 December 2023