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i have 10 minites to submit the answer. please help me Prepare a cash Budget of KPR. LTD. for April, May and June 2021: Months
i have 10 minites to submit the answer. please help me
Prepare a cash Budget of KPR. LTD. for April, May and June 2021: Months Sales (OMR) 8000 Purchases (OMR) 4500 4000 4200 Wages (OMR) 2000 Expenses (OMR) 500 1800 600 8000 7500 2200 600 January February March April May June 9000 5000 2400 700 8500 4500 2000 600 8000 3500 1800 500 Additional Information: a. 60% of the sales is cash sales and period of credit allowed to customers is two months b. 50% of purchases is for cash and suppliers have allowed credit of one month c. Delay in payment of wages one month. d. Lag in payment of expenses: two months e. Cash balance on April 1,2021 may be assumed to be OMR 1500 Step by Step Solution
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