The following budgeted information is available for Hunter Ltd: It is expected that the cash balance at
Question:
The following budgeted information is available for Hunter Ltd:
It is expected that the cash balance at 1 February will be £3,200.
Debtors are expected to settle their debts one month after sales have taken place.
Required
Prepare a cash budget for each of the three months ending 30 April.
Transcribed Image Text:
Credit sales Cash purchases Cash expenses Cash purchase of office machinery Depreciation of office machinery January February £ £ 21,000 28,000 8,000 12,000 21,000 20,000 24,000 200 March April £ £. 30,000 31,000 9,000 10,000 22,000 18,000 200 200
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