Concept explainers
22-2A Part 1
Note: Both the parts of the question are related with each other. Solution of Part 1 is used as a base for solving Part 2 of the question.
Introduction:
As the name suggest, Cash receipt budget represents the budgeted cash receipts (income) from whatever source i.e. whether it’s operational or non- operational. It can be from sales or other receipts.
To Determine:
Preparation of cash receipt budget for July, august and September.
22-2A Part 2
Introduction:
To Determine:
Preparation of cash budget for July, august and September.
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