Answer and Explanation:
The preparation of the cash budget for the month of March ended is presented below:
Cash Budget
Particulars Amount ($)
Opening Cash Balance 72,000
Add: Cash Receipts from Sales 300,000
Total Cash Available 372,000
Less:
Cash Payments
Purchases 140,000
Salaries 80,000
Cash Expenses 45,000
Repayment of Bank Loan 20,000
Total Payments -285,000
Closing Cash Balance 87,000
We simply deduct the all payments from the total cash available so that the ending balance of cash could come
Answer:
D. Limited partnership
Explanation:
This is an example of a limited partnership
Answer:
See Below
<u>QUESTION TWO.</u>
contents of GRN
Explanation:
GRN stands for goods received note. GRN is prepared by the purchasing entity to confirm receipt of goods ordered. The store's department prepares the GRN in multiple copies, confirming that the goods received are of the right quantity as what was ordered. One the copies is sent to the accounts department.
The components of A good received note include
1. The name of the supplier
2. The type or types of products delivered
3. Quantities delivered of each product
4. Date and time of delivery
5. Name and signature of the supplier
6. Name and signature of the store's representative
This is a passive investment strategy meaning that she is not actively trading her stocks. This type of strategy is usually tied to an index fund or strategy that rises and falls with the overall market.