Developing a cash budget for october


Outrageous adventures Ltd is developing a cash budget for october, november and december.outrageou's sales in september were R200 000,sales of R300000,R200000,and R150000 have been forecast for october ,november and december respectively. 60% of all sales are paid in cash. The balance is paid the following month.Bad debts are estimated to be 2% of sales. Purchases represent 60% of sales. All purchases are o cash basis.rent and salaries are R16000 per month.the opening balance for october is R4000.A minimum balance of R20000 is required for evry month. calculated the cash rec.

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Accounting Basics: Developing a cash budget for october
Reference No:- TGS072808

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