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CurryMee Berhad projected sales and purchases for the month of September to December 2022 as below: Wages of RM1,500 are paid in the month that
CurryMee Berhad projected sales and purchases for the month of September to December 2022 as below: Wages of RM1,500 are paid in the month that they are incurred. Overhead expenses of RM1,200 is due each month and these are paid one month in arrears. On 1 November 2022, the company plan to buy a second-hand van for RM18,000. Sales are all on credit and the company policy is to allow a 30 -day credit period. Half of the purchases are on credit and the length of credit period allowed is a month. The other half of the purchases are for immediate settlement. The balance at the bank as of 1 October 2022 is RM25,000. Required: Produce a cash budget for the 3-month period ending 31 December 2022. (20 Marks)
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