The following budgeted information is given for OCasey Ltd: It is expected that the cash balance at

Question:

The following budgeted information is given for O’Casey Ltd:

It is expected that the cash balance at 1 May will be £800 overdrawn.

Ten per cent of purchases are expected to be for cash.

Creditors will be paid in the month following purchase.

Required

Prepare a cash budget for each of the three months ending 31 July.

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Introducing Accounting For AS

ISBN: 9780340959404

2nd Edition

Authors: Ian Harrison

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Question Posted: Aug 23, 2023 05:43 AM

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The following budgeted information is given for OCasey Ltd: It is expected that the cash balance at

Question:

Cash sales Purchases Cash expenses Depreciation of fixed assets April May £ £ 40,000 60,000 20,000 20,000 15,000 10,000 1,500 1,500 June July £ £ 80,000 30,000 30,000 30,000 14,000 13,000 1,500 1,500

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Introducing Accounting For AS

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