Solution-Prepare cash budget for the months of June

Prepare cash budget for the months of June

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Reference no: EM132618373

Question - Prepare cash budget for the months of June, July, August 2019 from the following information:

1) Opening cash balance in June Kshs.19,000.

2) Cash sales for June Kshs.40,000; July Kshs.70,000 and August Kshs.50,000.

3) Wages payable Kshs.8,000 every month.

4) Interest receivable Kshs.800 in the month of August.

5) Purchase of furniture for Kshs.24,000 in July.

6) Cash Purchases for June Kshs.15,000; July Kshs.12,000.

Reference no: EM132618373

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Prepare cash budget for the months of June

Reference no: EM132618373

Reference no: EM132618373

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