Marketing
Vincent
CT0179512
DipFT(MM)-9
Lecturer : Saraswathi Turairas
Accounting For Managers Assignment
Table of Contents
1. Cash Budget………………………………………………………………………………………………………………3 2.1. Congo Limited Cash Budget………………………………….…………………………………………….3 2.2. Cash Budget Working………………………………………………………………………………………….4 2. Budgeting…………………………………………………………………………………………………………………..5 3.3. What is Budgeting? …………………………………………………………………………………………….5 3.4. The Importance of Budgeting………………………………………………………………………………6 3.5. The Advantage and Disadvantage of Budgeting…………………………………………………..7 3.6. Consclusion………………………………………………………………………………………………………….7 3. Reference List……………………………………………………………………………………………………………..8
Congo Limited
Cash Budget for 3 months ending 30 April
No. | Details | Febuary$ | March$ | April$ | Total$ | 1. | Receipts | 2. | Cash Sale | 268,000 | 257,000 | 278,000 | 803,000 | 3. | Receipts from customer (W2) | 2,166,000 | 2,052,000 | 1,928,500 | 6,146,500 | 4. | Total Receipt | 2,434,000 | 2,309,000 | 2,206,500 | 6,949,500 | 5. | Payments | 6. | Payments to Supplier | 1,647,750 | 1,384,500 | 1,267,500 | 4,299,750 | 7. | Salaries and wages | 432,000 | 468,000 | 463,000 | 1,363,000 | 8. | Overhead expenses (W3) | 255,000 | 245,000 | 275,000 | 775,000 | 9. | Van expenses (W4) | | | 150,000 | 150,000 | 10. | Taxation | | 156,000 | | 156,000 | 11. | Total payments | 2,334,750 | 2,253,500 | 2,155,500 | 6,743,750 | 12. | Closing | 13. | Net Receipt (Surplus) | 99,250 | 55,500 | 51,000 | 205,750 | 14. | Opening balance | 268,000 | 367,250 | 422,750 | 1,058,000 | 15. | Closing balance | 367,250 | 422,750 | 473,750 | 1,263,750 |
Cash Budget (Working)
No. | Receipts from Customer (W1) | February$ | March$ | April$ | 1. | January (2,280,000*95%) | 2,166,000 | | | 2. | February (2,160,000*95%) | | 2,052,000 | | 3. | March (2,030,000*95%) | | | 1,928,500 | | | 2,166,000 | 2,052,000 |
CT0179512
DipFT(MM)-9
Lecturer : Saraswathi Turairas
Accounting For Managers Assignment
Table of Contents
1. Cash Budget………………………………………………………………………………………………………………3 2.1. Congo Limited Cash Budget………………………………….…………………………………………….3 2.2. Cash Budget Working………………………………………………………………………………………….4 2. Budgeting…………………………………………………………………………………………………………………..5 3.3. What is Budgeting? …………………………………………………………………………………………….5 3.4. The Importance of Budgeting………………………………………………………………………………6 3.5. The Advantage and Disadvantage of Budgeting…………………………………………………..7 3.6. Consclusion………………………………………………………………………………………………………….7 3. Reference List……………………………………………………………………………………………………………..8
Congo Limited
Cash Budget for 3 months ending 30 April
No. | Details | Febuary$ | March$ | April$ | Total$ | 1. | Receipts | 2. | Cash Sale | 268,000 | 257,000 | 278,000 | 803,000 | 3. | Receipts from customer (W2) | 2,166,000 | 2,052,000 | 1,928,500 | 6,146,500 | 4. | Total Receipt | 2,434,000 | 2,309,000 | 2,206,500 | 6,949,500 | 5. | Payments | 6. | Payments to Supplier | 1,647,750 | 1,384,500 | 1,267,500 | 4,299,750 | 7. | Salaries and wages | 432,000 | 468,000 | 463,000 | 1,363,000 | 8. | Overhead expenses (W3) | 255,000 | 245,000 | 275,000 | 775,000 | 9. | Van expenses (W4) | | | 150,000 | 150,000 | 10. | Taxation | | 156,000 | | 156,000 | 11. | Total payments | 2,334,750 | 2,253,500 | 2,155,500 | 6,743,750 | 12. | Closing | 13. | Net Receipt (Surplus) | 99,250 | 55,500 | 51,000 | 205,750 | 14. | Opening balance | 268,000 | 367,250 | 422,750 | 1,058,000 | 15. | Closing balance | 367,250 | 422,750 | 473,750 | 1,263,750 |
Cash Budget (Working)
No. | Receipts from Customer (W1) | February$ | March$ | April$ | 1. | January (2,280,000*95%) | 2,166,000 | | | 2. | February (2,160,000*95%) | | 2,052,000 | | 3. | March (2,030,000*95%) | | | 1,928,500 | | | 2,166,000 | 2,052,000 |