ACC313 Accounting For Decision Making

Accounting For Decision MakingTU Board 2023

The following information of sales, purchase and expenses are given below: Sales of different months are: AshadhRs 150,000BhadraRs 200,000ShrawnRs 100,000AswinRs 250,000 50% of sales are for cash…

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The following information of sales, purchase and expenses are given below: Sales of different months are: AshadhRs 150,000BhadraRs 200,000ShrawnRs 100,000AswinRs 250,000 50% of sales are for cash and rest on credit which will be collected next months of sales. All purchase and expenses are paid on same months which are as follows: MonthShrawnBhadraAswinExpensesRs 30,000Rs 30,000Rs 30,000PurchasesRs 40,000Rs 80,000Rs 100,000 The company would like to purchase a computer at a cost of Rs 80,000 in the month of Shrawn. The company would like to maintain a uniform cash balance of Rs 20,000 which the company has maintaining in the past. If there is any deficit company can borrow from the commercial bank. The company can borrow and repayment of loan on a multiple of Rs 10,000 with 12% interest rate, which will be paid at the time of loan repaid. Required: Cash budget for three months Shrawan, Bhadra and Ashwin.

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