In: Finance
Sales |
October |
November |
December |
Total |
Cash sales |
Ksh 300,000/= |
|||
Sales on account |
Ksh 900,000/= |
|||
Total budget sales |
Ksh 1,200,000/= |
Required:-
i )
Sales | October | November | December | Total |
Cash sales | 300000 | 360000 | 432000 | 1092000 |
Sales on account | 900000 | 1080000 | 1296000 | 3276000 |
Total budget sales | 1200000 | 1440000 | 1728000 | 4368000 |
ii) The amount of sales revenue that will appear on the pro-forma income statement for the company’s fourth quarter 2020. is the sum if total budget sales for October, Nov and Dec = $ 4368,000
Workings