Question
Nakul company is expecting to have 25000 cash in hand on 1.4.2020 and it requires you to prepare Cash Budget for the three months April
Nakul company is expecting to have 25000 cash in hand on 1.4.2020 and it requires you to prepare Cash Budget for the three months April To June 2020. The following information is supplied to you:
| MONTHS | SALES | PURCHASE |
| FEB | 70000 | 40000 |
| MARCH | 80000 | 50000 |
| APRIL | 92000 | 52000 |
| MAY | 100000 | 60000 |
| JUNE | 120000 | 50000 |
Other Information:
1. All Purchases are for cash.
2. 25% of the sale is for cash & the period of credit allowed to customers for credit sales is one month.
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Intermediate Microeconomics And Its Application
Authors: Walter Nicholson, Christopher M. Snyder
13th Edition
0357133064, 978-0357133064
