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The cash balance at 1st Jan 2012 was $31600 Additonal information: 50% in the month following the sale, 40% in the second month following the sale , 10% in the third month follwing the sale, sales for the last three months of 2011 were: $210000 in October, $282000 in November, $303000 in December. Required: Prepare a schedule of receipts from debtors for the first quarter of 2012, and prepare the cash budget for the three months ending 31st March 2012.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M952935

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