A-LevelAccountingBudgeting and budgetary control9706/12 · Oct/Nov 2014 · Q301 Mark
A business prepared a cash budget using the following information. $ fixed costs each month 5000 depreciation each month 1000 July $ August $ September $ credit sales 80000 100 000 110000 credit purchases 40000 60 000 80000 Cash for credit sales is received one month after the goods are sold. Purchases are paid two months after the goods are bought. Other costs are paid in the month they are incurred. What was the budgeted cash surplus for the month of September?
A$54000
B$55000
C$59.000
D$60000
✓ Correct answer
B: $55000
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