Question
In: Accounting
From the following data, prepare a cash budget for the three months ending 31st December,2019  
- From the following data, prepare a cash budget for the three months ending 31st December,2019
(1)
|
Months |
Sales (AED) |
Materials (AED) |
Wages (AED) |
Overheads (AED) |
|
September |
10000 |
5000 |
1000 |
200 |
|
October |
20000 |
4000 |
1000 |
200 |
|
November |
25000 |
3000 |
2500 |
200 |
|
December |
10000 |
4200 |
2000 |
300 |
(2) Credit terms are:
(a) sales/debtors- 50% sales are on cash basis, 50% of the credit sales are collected next month.
(b) Creditors
- for materials- 1 months
- for wages- Same months
- for overheads – 1month
(3) Cash balance on 1st October, 2019 is expected to be AED 5000.
.
Note: Answers should be Kindly in Word or Excel Format
Solutions
Expert Solution
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ekkarill92 answered 2 years agoRelated Solutions
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