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No handwriting answer please STRUCTURED QUESTION (TOTAL = 100 MARKS] Answer ALL questions. QUESTION 1 (20 MARKS) The following information pertains to Ahmad Bechad for
No handwriting answer please
STRUCTURED QUESTION (TOTAL = 100 MARKS] Answer ALL questions. QUESTION 1 (20 MARKS) The following information pertains to Ahmad Bechad for the year 2021: Month Sales Purchases January RM90,000 RM30,000 February 102,000 36,000 March 114,000 42,000 April 126,000 48,000 May 144,000 54,000 June 180,000 60,000 Cash is collected from customers in the following manner: Month of sale 30% Month following sale 50% Two months following sale 20% 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. a. REQUIRED: Prepare a summary of cash collections for the 2nd quarter. b. Prepare a summary of cash disbursements for the 2nd quarter. (10 marks) (10 marks)
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