Question
Erbil Electronics Ltd prepares its cash budget for the month of July 2024, with the following data: Beginning Cash Balance: IQD 50,000,000 Expected Cash Receipts:
Erbil Electronics Ltd prepares its cash budget for the month of July 2024, with the following data:
- Beginning Cash Balance: IQD 50,000,000
- Expected Cash Receipts: IQD 120,000,000
- Expected Cash Disbursements: IQD 100,000,000
- Desired Ending Cash Balance: IQD 70,000,000
Prepare Erbil Electronics Ltd's cash budget for the month of July 2024, detailing the company's cash inflows and outflows and ensuring that the desired ending cash balance is achieved.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th edition
978-1285069609, 1285069609, 978-1133607601
