1. Please find sol.
   

Prepare Cash Budget of X Lid, for April to June 2012 from the followin 7. (A) information : Estimated Sales, Purchases and Expenses are as follows : Apr. Rs. May Rs. June Rs. (a) Mar. Rs. Particulars Jan. Rs. Feb. Rs. 8,00,000 / 10,00,000 12,00,000 Sales 2.00,000 4.00,090 6,00,900 7,56,000 Purchases 1.52,000 3,06,000 4,60,000 6,08,000 9,04,000 36,000 48,000 60,000 72,000 Wages 24,000 30,000 60,000 70,000 80,000 Adm. Exp. 30.000 40.000 50,000 90,000 1,10,000 1,00,000 Selling & Dist Exp. 30,000 50,000 70,000 (b) Cash Sales are 20% of total sales. (c) 50% of credit sales are collected within one month and the balance in two months. (d) Cash purchases are 25% of total purchases. (e ) 50% of credit purchases are paid within one month and the balance in two months. (f ) No stock remains at the end of a month. (g) Commission on sales 10%. (h) The time lag in the payment of wages is one third of the month and that of Adm. Expenses one month. (1) Administrative expenses for each month include depreciation amounting to Rs. 10,000. (j) 12% Rs. 2,00,000 Debentures of Rs. 100 each were issued on 1st Jan. (Half yearly interest due on 30th June and 31st Dec.). (k) Equity issued in month of May Rs. 3,70,000. (/) Cash balance at the end of March Rs. 4,00,000. 8 (CO 5, CO1) $19 - 1415 Contd