The following budgeted information relates to Rajpoot Ltd for the three months ending 30 October 20*9. The
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The following budgeted information relates to Rajpoot Ltd for the three months ending 30 October 20*9. The cash balance at 1 August 20*9 is expected to be £2,100.
Required
Prepare a cash budget for each of the three months ending 30 October 20*9.
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Cash sales Payments to creditors Payments for wages Rent and rates Other expenses Payment for purchase of machine Depreciation on machine August £ 90,963 29,650 19,100 2,800 5,700 September £ 106,125 35,050 28,000 2,800 5,500 84,000 700 October £ 116,230 38,400 21,500 2,800 5,300 700
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