## Answers

PART A | ||||

1.Expected cash receipts (B)=310500 | ||||

2.Expected cash payments(D)=310500 | ||||

PART B | Cash budget | |||

Particulars | August | |||

A)Opening balance | 50000 | |||

B)Cash receipts: | ||||

1.Cash sales | 195000 | |||

2.credit sales collected during month | 54000 | |||

(90000*60% | ||||

3.Credit sale for month of july collected in august(40%) | 50000 | |||

4.Loan taken for maintaing cash balance | 11500 | |||

Total cash receipts | 310500 | |||

C)Total cash available | 360500 | |||

(A+B) | ||||

D)Payments | ||||

1.purchases(50% current month) | 52500 | |||

(105000*50%) | ||||

2.Purchases 50 % paid in next month(july purchases) | 120000 | |||

(240000*50%) | ||||

3.Selling and administrative Expenses | 48000 | |||

4.Purchase of equipment(august) | 90000 | |||

5.Total payments | 310500 | |||

6.Closing balance | 50000 | |||

(C-D) | ||||

Ping me if you have any doubts...kindly rate

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