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Prepare a cash Budget of R.M.C. LTD. for April, May and June 2019: Additional Information: d. 10% of the purchases and 20% of sales are
Prepare a cash Budget of R.M.C. LTD. for April, May and June 2019: Additional Information: d. 10% of the purchases and 20% of sales are for cash. e. The average collection period of the company is 1/2 month and the credit purchases are paid regularly after one month. f. Wages are paid half monthly and the rent of Rs. 500 included in expenses is paid monthly and other expenses are paid after onemonth lag. g. Cash balance on April 1,2019 may be assumed to be Rs. 15,000
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