Make out cash budget for October to December from the following information: 1. Cash and Bank Balance on 1-10-2012 Rs. 10,000 2. Sales Actual and Budgeted: Rs. June (Actual) July (Actual) August (Actual) September (Estimated) October Estimated) November (Estimated) December (Estimated) 30,000 32.000 35,000 37,500 40.000 41.000 44,500 3. Purchases - Actual and Budgeted figures are: June (Actual) July (Actual) August (Actual) September (Estimated) October (Estimated) November (Estimated) December (Estimated) Rs. 18.000 20,000 24,000 22,500 24,000 20,000 25.500 u22 November (Estimated) 4. Wages and Other Expenses - Actual and Budgeted: Wages Expenses Rs Rs. August (Actual) 7.500 2.500 September (Estimated) 7.500 3.000 October (Estimated) 9.000 3.000 November (Estimated) 9,000 4,000 December (Estimated) 10,000 4,000 5. 6. 7. 8. Special: Advance payment of Income Tax Rs. 2,500 in November. Purchase of Plant of Rs. 5,000 in October Rent payable in advance Rs. 150. 10% of purchases and sales are on cash terms. . Time Lag Credit sales 2 Months Credit Purchases 1 Month Wages % Month Expenses Month