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Q: prepare a cash budjet for the months of November and december with the following...

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Accounting

Q: prepare a cash budjet for the months of November and december with the following information:
The following information relates to Padua (pty) Itd for the three months ended 31 December
2023:
Additional information.
Debtors settle their accounts as follows: 50% in the month of sale, 30% in the month after
the month of sale, and 15% in the second month after the month of sale while the
remaining 5% are considered irrecoverable.
Trade creditors are paid as follows: 60% in the month of purchase, 30% in the month
after the purchase while the remaining 10% is paid in the second month after the
purchase.
Wages and salaries and all the other expenses are paid as they are incurred every
month.
Other expenses include depreciation of R10000 every month.
A loan of R120000 was taken 5 years ago. Interest on the loan is 10% per annum. The
annual interest expense is spread evenly through the year and is paid as it is incurred.
75% of the loan will be repaid in December 2023.
The favourable bank balance at the end of October was R15000.
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