sir, you never did lecture on cash budget.
This last June exams a full questions came out i could only give answers to the purpose of cash budget but the calculation was horrible on cash receipt and payable
Is there any future calculations on these?
Ask the Tutor ACCA MA
cash budget
9y ago#1I will add a lecture on cash budgets.
However you surely practiced the cash budget questions in your Revision Kit (and could have asked in this forum if anything in them was not clear)?
(I assume that you did buy a Revision Kit - we make it clear for all papers that it is essential to buy a Revision Kit and practice all of the questions in it.)
5y ago#2There is no point in simply typing out a full question and expecting to be provided with a full answer. That is not why this forum exists - it is here to explain things you are not clear about.
You must have an answer in the same book in which you found the question, so ask about whatever it is in the answer that you are not clear about and then I will explain.
In Bpp revision kit question no 10b.20 it says
The following data has been extracted from the payable's records of X co.
Invoice paid in the month of purchase 25%
Invoice paid in the 1st month after purchase 70%
Invoice paid in the 2nd month after purchase 5%
My question is if questions says payable records that means it is 100% credit payments , not like 25% is cash and rest 75% is credit?
Because answers has been solved as
25% x 250,000$
70% x 250,000$
5% x 250,000$
5y ago#4Yes. They are only called payables if they were bought on credit.
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