lit sales (each month): ugust and September 2018 October, November and December 2018 anuary, February and March 2018 Ksh 34000 39000 44000
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
![Credit sales (each month):
August and September 2018
October, November and December 2018
January, February and March 2018
Credit purchases (each month):
August and September 2018
October, November and December 2018
Ksh
34000
39000
44000
17000
20000
January, February and March 2020
Salaries and wages payable for each month
Insurance, rent and rates payable each month
Other overheads payable each month
Depreciation for each month
Equipment costing ksh 60000 will be purchased and paid for in October 2018
A sale of assets yields ksh 9000 cash and is expected to be received in October 2018.
The bank balance on 1 October 2018 is expected to be ksh 4000 overdrawn customers are
granted one month's credit Suppliers of goods allow one month's credit.
22000
7000
4000
6000
1500
As the cost accountant at Robot ltd, you extract the following actual and budgeted data of a small
subsidiary company for the period ending 31 march 2019:
Prepare a monthly payments schedule for
period 1 October 2018 to 31 March 2019](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd1a1f8fd-52df-4984-b9a5-89d90026fb07%2F683501d9-024b-4f5c-8691-c84574b3a64d%2Fy40kuqs_processed.jpeg&w=3840&q=75)
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