what is capital market

2 Answers  

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From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

0 Answers   D M Systems, Ignou,

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From the following particulars calculate B.E.P and P/V ratio Fixed Expenses 1,50,000 Variable cost per unit 10 Selling price per unit 15

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what is the accounting entries of travel advance given to employee and settlement entries of same.

2 Answers   Book n Fly,

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Expand A D T A

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why do you think you are sutable candidate for this post

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what is depreciation?

2 Answers  

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Expand R B I

4 Answers  

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What is the basic difference between cash flow statement and funds flow statement

1 Answers  

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Difference between material in transit and capital work in progress

3 Answers  

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Difference between single and double entry?

4 Answers  

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Data flow of Accounts payable to General ledger?

0 Answers   IBM,

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