View the step-by-step solution to:

6 Prepare a Cash Budget from April to June for ABC Co. Month Sales (Rs.

6 Prepare a Cash Budget from April to June for ABC Co. Ltd.

      With the help of following information :

Month                                Sales (Rs.)                                      Purchases (Rs.)                            Wages (Rs.)

February                            180000                                              124000                                              12000

March                                  192000                                             144000                                              14000

April                                    108000                                               243000                                             11000

May                                     174000                                              246000                                              10000

June                                    126000                                             26800                                                15000


b. 50% of the credit sales are realized in the following month sales and remaining 50% sales for in 

   The second following month.

 

c. Creditors are paid in the following month of Purchase.

 

d. Cash at Bank as on 1st April Rs. 25000.

Recently Asked Questions

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question