Schedule of Cash Receipts: Schedule of cash receipts is concerned with the expected cash receipts during budgeted period. Schedule of Cash Payments: Schedule of cash payments shows the projected cash payment of the business during the budgeted period. Cash Budget : A cash budget is budget which is concerned with the expected cash inflows and outflows of the business. To determine : 1. Prepare schedule of cash receipts and cash payments of Humble Company for the first quarter of 2016. 2. Prepare cash budget for the first quarter of 2016.

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Chapter 22, Problem P22.40APGA

To determine

Schedule of Cash Receipts:

Schedule of cash receipts is concerned with the expected cash receipts during budgeted period.

Schedule of Cash Payments:

Schedule of cash payments shows the projected cash payment of the business during the budgeted period.

Cash Budget:

A cash budget is budget which is concerned with the expected cash inflows and outflows of the business.

To determine:

1.

Prepare schedule of cash receipts and cash payments of Humble Company for the first quarter of 2016.

2.

Prepare cash budget for the first quarter of 2016.

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