{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-29T01:12:18-04:00", "answer_date": "2024-06-29 01:12:18", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4435860", "url": "\/study-help\/questions\/q1-question-in-the-pic-qno1-marks-10-ms-4435860", "question_creation_date_js": "2024-06-29T01:12:18-04:00", "question_creation_date": "Jun 29, 2024 01:12 AM", "meta_title": "[Solved] Q1: question in the pic Q.No.1 Marks : 10 | SolutionInn", "meta_description": "Answer of - Q1: question in the pic Q.No.1 Marks : 10 M\/s. XYZ Private Limited has a cash balance of PKR 20,000 at the ending of t | SolutionInn", "meta_keywords": "q1,question,pic,marks,10,m\/s,xyz,private,limited,cash,balance,pkr", "question_title_h1": "Q1: question in the pic Q.No.1 Marks : 10 M\/s. XYZ Private Limited has a cash balance of PKR 20,000 at the ending of the", "question_title": "Q1: question in the pic Q.No.1 Marks : 10 M\/s. XYZ Private", "question_title_for_js_snippet": "Q1 question in the pic Q No 1 Marks 10 M s XYZ Private Limited has a cash balance of PKR 20,000 at the ending of the February and the following information is available a) Creditors are settled in the very next month of purchase b) Salaries are paid in the current month ) Fixed costs are paid in one month arrears d) Manufacturing expenses are paid in one month advance e) Charge for depreciation is PKR 1,000 month and is included in the Fixed OH f) Credit Sales are settled as follows a 10 in the month of sales b 40 in the next month c 40 in the next following month, and the balance represents bad debts g) A dividend of PKR 10,000 is payable in June h) Capital expenditure for buying a plant was incurred on 28 February of PKR 50,000 i) On March 1, we will buy an equipment on lease and its payment will be done in monthly instalments of PKR 5000 each, 1 installment is made in advance on March 1 Month Cash Credit Credit Cash Salaries Fixed Manufacturing Sales Sales Purchases Purchases OH expenses January 50000 10000 8500 5000 18000 11000 7000 February 60000 20000 12000 6000 18000 11000 8000 March 40000 30000 12000 4000 19000 11000 9000 April 60000 40000 15000 7000 19000 11000 10000 May 70000 35000 15000 8000 20000 11000 11000 June 75000 25000 10500 9000 20000 11000 12000 Required a) Prepare Cash Budget for March, April and May", "question_description": "

Q1: question in the pic <\/p>

\"image<\/div><\/div><\/div> Q.No.1 Marks : 10 M\/s. XYZ Private Limited has a cash balance of PKR 20,000 at the ending of the February and the following information is available: - a) Creditors are settled in the very next month of purchase. b) Salaries are paid in the current month. ) Fixed costs are paid in one-month arrears. d) Manufacturing expenses are paid in one-month advance. e) Charge for depreciation is PKR 1,000\/month and is included in the Fixed OH. f) Credit Sales are settled as follows; a. 10% in the month of sales b. 40% in the next month c. 40% in the next following month, and the balance represents bad debts. g) A dividend of PKR 10,000 is payable in June. h) Capital expenditure for buying a plant was incurred on 28\" February of PKR 50,000. i) On March 1, we will buy an equipment on lease and its payment will be done in monthly instalments of PKR 5000 each, 1 installment is made in advance on March 1. Month Cash Credit Credit Cash Salaries Fixed Manufacturing Sales Sales Purchases Purchases OH expenses January 50000 10000 8500 5000 18000 11000 7000 February 60000 20000 12000 6000 18000 11000 8000 March 40000 30000 12000 4000 19000 11000 9000 April 60000 40000 15000 7000 19000 11000 10000 May 70000 35000 15000 8000 20000 11000 11000 June 75000 25000 10500 9000 20000 11000 12000 Required: a) Prepare Cash Budget for March, April and May", "transcribed_text": "", "related_book": { "title": "Intermediate Accounting", "isbn": "470964731, 978-0470964736, 978-0470161012", "edition": "9th Canadian Edition, Volume 2", "authors": "Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/516.jpg", "uri": "\/textbooks\/intermediate-accounting-9th-canadian-edition-volume-2-516", "see_more_uri": "" }, "free_related_book": { "isbn": "9354069231", "uri": "\/textbooks\/the-one-page-content-marketing-blueprint-launch-a-winning-content-marketing-strategy-in-90-days-or-less-and-double-your-inbound-traffic-leads-and-sales-1st-edition-9789354069239", "name": "The One Page Content Marketing Blueprint Launch A Winning Content Marketing Strategy In 90 Days Or Less And Double Your Inbound Traffic Leads And Sales", "edition": "1st Edition" }, "question_posted": "2024-06-29 01:12:18", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-13", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/giant-magneto-resistance-in-ferromagnetic-metal-the", "description": "Giant magneto resistance in a ferromagnetic metal, the conductivity ? p for electrons whose magnetic moments are oriented parallel to the magnetization is typically larger than ? a for those anti...", "stars": 3 }, { "url": "\/study-help\/theory-of-probability\/80-a-coin-that-comes-up-heads-with-probability-p-1982803", "description": "80. 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