Define bank Cheque

2 Answers  

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how many stocks listed in national stock exchange

2 Answers   India Infoline,

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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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what is an advance against expenses

0 Answers   Banking,

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what do you mean by Bank reconcilation statement

29 Answers   Accenture, BPO, Citi Bank, CitiGroup, DOC, Fullerton, Global Talent Track, Northern Trust, SGI, State Bank Of India SBI,

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expand T I N

6 Answers  

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Who to create a budget on software company

0 Answers   KLG Systel,

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what is the deffered expenditure

4 Answers  

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how to do the finalise of account? what is the step? why we need to do like that?

0 Answers   DTDC,

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What is service tax(input Credit)?

1 Answers  

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How can a company reduce profit

0 Answers   ACC,

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tell me about a time you had to deal with a conflict between a licensed and unlicensed personnel and how handled the situation?

0 Answers  

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