Question 4: From the following, prepare a cash budget for August & September 2004AugustJulySeptemberRO.RO.RO100,000275,000145,000200,000325,000245,000345,00060,000300,000475,000325,000400,00070,000Cash purchasesCash salesCredit purchase275,00050,000Credit salesExpenses1. Estimated Opening balance of cash on 1st August RO.80,0002. Credit allowed by suppliers and to customer is one month3. Expenses are payable in the same month4. Dividend receivable in August is RO.16,0005. Commission payable in September is RO.270, 000.

Collections from the credit sales are recovered in the next month of sales therefore it is counted…

Question 4: From the following, prepare a cash budget for August & September 2004 August July September RO. RO. RO 100,000 275,000 145,000 275,000 50,000 200,000 325,000 245,000 345,000 60,000 300,000 475,000 325,000 400,000 70,000 Cash purchases Cash sales Credit purchase Credit sales Expenses 1. Estimated Opening balance of cash on 1stAugust RO.80,000 2. Credit allowed by suppliers and to customer is one month 3. Expenses are payable in the same month 4. Dividend receivable in August is RO.16,000 5. Commission payable in September is RO.270, 000.

Question 4: From the following, prepare a cash budget for August & September 2004 August July September RO. RO. RO 100,000 275,000 145,000 275,000 50,000 200,000 325,000 245,000 345,000 60,000 300,000 475,000 325,000 400,000 70,000 Cash purchases Cash sales Credit purchase Credit sales Expenses 1. Estimated Opening balance of cash on 1stAugust RO.80,000 2. Credit allowed by suppliers and to customer is one month 3. Expenses are payable in the same month 4. Dividend receivable in August is RO.16,000 5. Commission payable in September is RO.270, 000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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