Answer:
Explanation:
Monthly Cash budget for January - March
Particulars January February March
Opening balance 30,000 30,000 69,294
Cash received 525,000 400,000 450,000
Total 555,000 430,000 519,294
Cash payment (475,000) (350,000) (525,000)
Interest (60000*1%) (600) 10600*1%(106) 0
79,400 79,894 (5,706)
Loan repayment (49,400) (10,600) 35,706
Minimum cash balance of 30,000 required.
(79,400-30,000)
(60,000-49,400)
Cash balance 30,000 69,294 30,000
Loan repayment.
January
Opening balance 60,000
Repayment (49,400)
balance 10,600
February
Opening balance 10,600
repayment(balance) (10,600)
March
35,706
