The following budgeted information is given for Singh Ltd: It is expected that the cash balance at
Question:
The following budgeted information is given for Singh Ltd:
It is expected that the cash balance at 1 April will be £1,500 overdrawn.
Five 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 30 June.
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