Illustration VI: [Cash Budget] Palaka ltd. wished to organize overdraft offices with its financiers during the time frame April 2008 to June 2008 when it will fabricate generally for the stock. Set up a Cash Budget for the above period from the accompanying information, demonstrating the degree of the bank offices the organization will need toward the finish of every month. Wages Particulars February 2008 March April May June Extra Information: Sales Rs.1, 80,000 Purchases Rs.1, 24,800 Rs.12, 000 1,92,000 1,44,000 14,000 1,08,000 2,43,000 11,000 1,74,000 2,46,000 10,000 1,26,000 2,68,000 15,000 50% of the credit deals are acknowledged in the month following the deals and staying half in the subsequent month following. Banks are paid in the month following the long stretch of buys. There are no money deals or money buys cash at bank [overdraft] assessed on first April 2008 is Rs.25, 000