Question
Prepare cash budget for the month of April from the following: Forecasted sales= Rs. 600000 (60% of sales is received in the month of sales
Prepare cash budget for the month of April from the following:
Forecasted sales= Rs. 600000
(60% of sales is received in the month of sales with 10% discount)
Cash balance on March 31Rs. 55000
Company receives amount from accounts receivable at Rs. 80000
Rent for the month of April to be paid in the same month at Rs. 20000
Cash purchases during the month at Rs. 190000
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Accounting Information Systems Controls And Processes
Authors: Leslie Turner, Andrea B. Weickgenannt
1st Edition
0471479519, 9780471479512
