Exam (elaborations)
MANCOSA Accounting and financial management practice revision
- Institution
- Management College Of Southern Africa (MANCOSA)
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By: aneleamathe • 2 months ago
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POSTGRADUATE DIPLOMA IN BUSINESSMANAGEMENT
WEBINAR 1
16 August 2020
POST GRADUATE DIPLOMA IN BUSINESS MANAGEMENT – Webinar 1 – 16 August 2020
,POST GRADUATE DIPLOMA IN BUSINESS MANAGEMENT – Webinar 1 – 16 August 2020
,POST GRADUATE DIPLOMA IN BUSINESS MANAGEMENT – Webinar 1 – 16 August 2020
, Question 1
Tel - One (Pty) Ltd
Prepare a Debtors Collection Schedule for April and May 2014
Sales January February March April May
January 115 200.00 22 579.20 69 120.00 17 280.00
February 144 000.00 28 224.00 86 400.00 21 600.00
March 72 000.00 14 112.00 43 200.00 10
April 192 000.00 37 632.00 115
May 240 000.00 47
763 200.00 22 579.20 97 344.00 117 792.00 102 432.00 173
Prepare a Cash Budget for April and May 2014
Tel - One (Pty) Ltd
CASH BUDGET FOR APRIL AND MAY 2017
April May
Cash receipts 231 932 334 540
Cash sales 128 000 160 000
Receipts from debtors 102 432 173 040
Interest on Fixed Deposits 1 500 1 500
Cash payments -295 960 -311 448
Cash purchases 58 800 42 000
Fixed Deposit 150 000
Payments to creditors 65 000 208 000
Rent Expense 18 000 18 000
Wages 1 760 1 848
Machinery 40 000
Commission 2 400 1 600
Cash surplus (shortfall) -64 028 23 092
Opening cash balance -9 000 -73 028
Closing cash balance -73 028 -49 936
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