A-LevelAccountingBudgeting and budgetary control9706/12 · May/June 2013 · Q301 Mark

A company plans to make the following payments in June 2014. 1 an insurance premium for the 12 months from 1 July 2014 2 the payment for equipment to be delivered in April 2014 and which will start production in May 2014 In which months will these appear in the cash budget for 2014?

AJune, April

BJune, June

CJuly, April

DJuly, May

✓ Correct answer

B: June, June

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Topic: Budgeting and budgetary control, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2013 Paper 1 Variant 2, question 30.

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A company plans to make the following payments in June 2014. 1 an insurance premium for the 12 months from 1 July 2014 2 the payment for equipment to be delivered in April 2014 and which will start production in May 2014 In which months will these appear in the cash budget for 2014?

✓ Correct answer

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