Q# 1 08 marks HASF & Company Ltd. has given the following particulars. You are required to prepare a cash budget for the three months ending 31stDecember, 2019 (Oct, Nov Dec)
Months	Sales	Materials	Wages	Overheads
	Rs.	Rs.	Rs.	Rs.
August	20,000	10,200	3,800	1,900
September	21,000	10,000	3,800	2,100
October	23,000	9,800	4,000	2,300
November	25,000	10,000	4,200	2,400
December	30,000	10,800	4,500	2,500
10% sales are on cash basis, 50% of the credit sales are collected next month and the balance in the following next month:
Creditors	Materials after 2 months
	Wages 40% in the same month & 60% in next month
	Overheads in same month and in next month
Cash balance on 1st October, 2019 is expected to be Rs. 8,000.
A machinery will be installed in August, 2019 at a cost of Rs. 100,000. The monthly installment of Rs. 5,000 is payable from October onwards.
Dividend on preference share capital of Rs. 3,000 will be paid on 1st December, 2019.
Advance to be received for sale of vehicle Rs. 20,000 in December.
Income-tax (advance) to be paid in December Rs. 5,000.
Minimum Balance required Rs. 20,000 Find out: Credit Sales October Cash sales October Total cash received from sales in October Cash disbursement for material in November Cash disbursement for labour in December Cash disbursement for FOH in November Total cash disbursement in December Cash balance at the end of November