QUESTION THREE [25] The information provided below relates to Endless Projects Limited: The...
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Accounting
QUESTION THREE The information provided below relates to Endless Projects Limited: The bank balance on July was Rfavourable Actual and budgeted revenue are as follows: Cash revenue is expected to be of total revenue. Debtors are expected to settle their accounts as follows: during the month of revenue, subject to a discount in the month following the revenue Actual and budgeted purchases for the month are as follows: of all purchasers are for cash Creditors are paid in full in the month following the purchase transaction. Rent is payable at the end of each month, it amounts to R Rent will increase by in August. Insurance amounts to R per annum, payable monthly. The proprietor intends to withdraw R during August. A new motor vehicle will be purchased in July. A deposit of R is payable with an instalment of R from August. Required: Prepare the Cash Budget for August and September. Note: Use separate columns for each month. 
QUESTION THREE
The information provided below relates to Endless Projects Limited:
The bank balance on July was Rfavourable
Actual and budgeted revenue are as follows:
Cash revenue is expected to be of total revenue.
Debtors are expected to settle their accounts as follows:
during the month of revenue, subject to a discount
in the month following the revenue
Actual and budgeted purchases for the month are as follows:
of all purchasers are for cash
Creditors are paid in full in the month following the purchase transaction.
Rent is payable at the end of each month, it amounts to R Rent will increase by in
August.
Insurance amounts to R per annum, payable monthly.
The proprietor intends to withdraw R during August.
A new motor vehicle will be purchased in July. A deposit of R is payable with an instalment
of R from August.
Required:
Prepare the Cash Budget for August and September.
Note: Use separate columns for each month.
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