Hannah Sdn Bhd has a cash balance of RM$358,000$ as at the beginning of October. The

following information are extracted from the records of the company.

Creditors for purchases give $1$ month's credit

Credit sales are settled as follows:

$50\%$ in month of sale

$35\%$ in the next month

$15\%$ in the following month

Salaries are paid in the current month.

Fixed overheads are paid one month in arrears which also include a monthly

depreciation of RM$68,000$

Other budgeted payments and receipts for the period are presented in the table

as following:

Prepare for October, November and December:

$($a$)$ A schedule of budgeted collection from debtors.

$($b$)$ A cash budget.

$($c$)$ Explain FIVE $(5)$ differences between financial accounting and

management accounting.