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Green Friends Ltd is a garden design and landscaping business that started operations on 1 September 2020. The following information has been provided by the firm.
Required:
Problem 1. Budgeted Income Statement for the period October - December 2020.
Problem 2. schedule of estimated receipts from debtors (accounts receivable) for the months of October, November and December 2020.
Problem 3. What is the amount of accounts receivable at 31st December 2020?
Problem 4. a cash budget for October, November and December 2020
Problem 5. What is the amount of accounts payable at 31st December 2020?
Problem 6. How can you improve the cash budget?
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