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From the following data forecast the cash position at the end of April, May and June 2023. Additional Information: i. Sales - 1.0% realised in
From the following data forecast the cash position at the end of April, May and June 2023. Additional Information: i. Sales - 1.0% realised in the month of sales, balance realised equally in two subsequent months ii. Purchases are paid in the following month. iii. Wages - 20% arrears paid in the following month. iv. Sundry expenses paid in the month itself. v. Income tax Rs 20,000 payable in June. vi. Dividend Rs 12,000 payable in June. vii. Income from investments Rs 2,000 recovered half - yearly in March and May. viii. Cash on hand as on 1st April 2023 is Rs 40,000
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