Answer to Question #51165 in Microeconomics for Paul Muchira

Question #51165
ABC limited has the following details for the period ended 31st December 2012. Sales Purchases Expenses January 100,000 40,000 20,000 February 120,000 25,000 28,000 March 150,000 30,000 30,000 April 200,000 50,000 42,000 May 280,000 120,000 150,000 June 400,000 150,000 180,000 The opening cash balance for the firm was Ksh.150,000/-, Sales are made on credit and paid for as follows: 50% cash within the month of the sale 25% cash in the following month 25% cash in the third month Purchases and expenses are made on credit and paid for as follows: 50% cash the month of purchase: 50% cash the following month Required : Prepare an analysis sheet showing the following: i)Cash sales ii)Cash purchases iii)Cash expenses iv)A Cash budget
1
Expert's answer
2015-03-10T10:33:36-0400

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS
paypal