Question No: 06 March 20228584 192000 144000 14000 108000 243000 11000 766 April May 174000 246000 10000 June 126000 268000 15000 Additional Information 1.50 per cent of credit sales are realized in the month following the sales and remaining 50 per cent in the second month following. 2. Creditors are paid in the month following the month of purchase. 3. Wages are paid with a time lag of one month. 4. Cash at bank on 1.4.2017 is Rs.25000. 5. Dividend of Rs.5000 is to be paid in the month of May. 6. Instalment of Rs. 10000 for the equipment is due in the month of June. 7. Interest of Rs. 15000 to be received in the month of April Question No: 06 March 20228584 192000 144000 14000 108000 243000 11000 766 April May 174000 246000 10000 June 126000 268000 15000 Additional Information 1.50 per cent of credit sales are realized in the month following the sales and remaining 50 per cent in the second month following. 2. Creditors are paid in the month following the month of purchase. 3. Wages are paid with a time lag of one month. 4. Cash at bank on 1.4.2017 is Rs.25000. 5. Dividend of Rs.5000 is to be paid in the month of May. 6. Instalment of Rs. 10000 for the equipment is due in the month of June. 7. Interest of Rs. 15000 to be received in the month of April Question No: 06 This is hb28584 This is a subjective question, hence you have to write your answer in the Text-Field given below. 76626 ABC Co. wishes to arrange overdraft facilities with its bankers during the period April to June, 2020 when it will be manufacturing mostly for stock. Prepare a cash budget for the above period from the following data, indicating the extent of the bank facilities the company will require at the end of each month: [10 Marks] 2017 Sales Purchases Wages Feb 180000 124800 12000 March 192000 144000 14000 April 108000 243000 11000 May 174000 246000 10000 June 126000 268000 15000