What is a cash budget, What is a cash budget and how it is

What is a cash budget

Assignment Help Financial Accounting

Reference no: EM13179375

Q. Choose an Indian Company of your choice that has adopted Balance Score Card and detail on it.

Q.What is a cash budget? How it is useful in managerial decision making?

Q. From the following data of Jagdish Company prepare (a) a statement of source and uses of working capital (funds) (b) a schedule of changes in working capital

Assets	2008	2007
Cash	1,26,000	1,14,000
Short-term investment	42,400	20,000
Debtors	60,000	50,000
Stock	38,000	28,000
Long term Investment	28,000	44,000
Machinery	2,00,000	1,40,000
Building	2,40,000	80,000
Land	14,000	14,000
Total	7,48,400	4,90,000
Liabilities and Equity
Accumulated depreciation	1,10,000	60,000
Creditors	40,000	30,000
Bills Payable	20,000	10,000
Secured loans	2,00,000	1,00,000
Share capital	2,20,000	1,60,000
Share premium	24,000	Nil
Reserves and surplus	1,34,400	1,30,000
Total	7,48,400	4,90,000

Income statement

1,34,600	Cost of goods sold
1,05,200	Gross Profit
92,000	Less Operating expenses: Depreciation - machinery 20,000 Depreciation - building 32,000 Other expenses 40,000
13,200	Net profit from operation
4,800	Gain on sale on long-term investment
18,000	Total
2,000	Loss on sale of machinery
16,000	Net Profit

Adjustments:

1) Machinery worth Rs.70000 was purchased and worth Rs.10000 was sold during the year [Accumulated depreciation on machinery is Rs.18000 after adjusting depreciation on machinery sold]. Proceeds from the sale of machinery were Rs.6000

2) Dividends paid during the year Rs.11600

Reference no: EM13179375

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