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Homework answers / question archive / Prepare Summerlea council’s cash budget from January 2022 to April 2022 from the following budgeted data
Budgeted data |
January |
February |
March |
April |
|
£ |
£ |
£ |
£ |
Sales |
14,000 |
15,400 |
15,800 |
16,600 |
Purchases |
13,000 |
12,600 |
12,800 |
13,400 |
Wages |
600 |
680 |
740 |
800 |
Other overheads |
1,100 |
1,080 |
1,150 |
1,180 |
Capital expenditure |
|
|
6,500 |
|
The following additional information is available:
Opening cash balance for June was £2,800 overdraft.