Question: Please draft a budgeted receipt schedule from debtors for the period of 1 January 2 0 2 3 to 3 0 June 2 0 2

Please draft a budgeted receipt schedule from debtors for the period of 1 January 2023 to 30 June 2023. Month of 2023 Budgeted total sales:
1.January 140000
2.February 132000
3.March 128000
4.April 115000
5.May 120000
6.June 150000
Additional information:
Total sales for September 2022, October 2022, November 2022 and December 2022 were R120000, R128000 and R134000 and R140000 respectively. The goods sold on credit were 60% of actual sales.
Customers will pay their debt as follows:
0% in the first month after the month of sale
60% in the second month after the month of sale
30% in the third month after the month of sale
10% in the fourth month after the month of sale

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!