TASK 14.2 – TABCO LTD
CASH BUDGET OF TABCO LTD FOR THE 3 MONTHS ENDED 30 SEPTEMBER 20.8
CASH RECEIPTS
JULY
AUGUST
SEPTEMBER
Cash sales
45 000
51 000
48 000
Cash from debtors
125 250
135 300
146 700
Ordinary shares
104 000
Total receipts
170 250
186 300
298 700
Cash purchases of trading stock
12 000
13 600
12 800
Payments to creditors
96 900
102 600
116 280
Operating expenses
50 000
51 000
52 020
Dividends
60 000
SARS
16 000
CASH PAYMENTS
Loan
20 000
Total payments
234 900
187 200
181 100
Surplus (Deficit)
(64 650)
(900)
117 600
Opening bank balance
54 000
(10 650)
(11 550)
Closing bank balance
(10 650)
(11 550)
106 050
July
August
14.2.3 DEBTORS COLLECTION SCHEDULE
September
May
[112 500]
9 000
June
[127 500]
89 250
10 200
July
[135 000]
27 000
94 500
10 800
August
[153 000]
-
30 600
107 100
September [144 000]
-
-
28 800
Debtors Collections
125 250
135 300
146 700
CREDITORS PAYMENTS SCHEDULE
May
June
July
August
Sept
Sales
150 000
170 000
180 000
204 000
192 000
Cost of sales
100 000
113 333
120 000
136 000
128 000
Credit purchases
90 000
102 000
108 000
122 400
115 200
*96 900
102 600
116 280
Payments to Creditors
*R102 000 x 0.95 = R96 900