From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

4344

hi everyone, can someone pls tell me about tickets and pls send me few tickets u have faced in base customization. my id - mnjkk83@gmail.com thanks.

2055

Suppose database is running slow, what will you do?

2629

What is the Splunk latest version?

346

What is the latest version on c++?

1231

I would like to know the age limit for appearing interview in Sutherland.

2364

What is the difference between equals() and == in java?

1067

1 explain advantage and dis advantages of FIR filters compared to IIRcouterparts ? 2 what is the need of filtering,ideal response of filters and actual response of filters ? 3 what is CMRR ? 4 which semiconductor device is used ad a voltage regulator and why ? 5 how can we rectify race around condition ?

2131

why i want to join Hawkins company

2341

How does registry work wedding?

921

hi can somebody please post questions that are commonly asked in bba enterance exam in interwiew sessions...also it would be of great help if someone could mail me the previous years papers of the enterance exam of bba of cbs...

2278

can any one help me now i am learning AB Inito but i don't have material and pdf's can any one provide pdf's to this mail id mohanraju0113@gmail.com thanks in advance...................................

2356

How to make a robo car .Please give me whole theory ,photos of circuits etc. on my e-mail id.

3658

describe any accounting process that you have developed or revised

1167

can any one send me tally professional version link

1744