REQUIRED Use the information provided below to prepare the following for March and April 2024:...
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Accounting
REQUIRED Use the information provided below to prepare the following for March and April 2024: 4.1 Debtors Collection Schedule (4 marks) 4.2 Cash Budget (16 marks) INFORMATION The following information was provided by BN Traders: 1. The bank balance on 28 February 2024 is expected to be R100 000 (unfavourable). 2. The sales figures for the first four months of 2024 are expected to be as follows: January February March April R1 500 000 R1 100 000 R1 000 000 R1 200 000 3. Cash sales usually make up 30% of the total sales. The balance of the sales is on credit. (Separate entries are required for cash sales and collections from credit sales.) 4. Credit sales are normally
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