Revision on Financial Budget

Revision on Financial Budget

QUESTION

REQUIRED:

a)      Students are required to replace the business name using your own name.

b)      Students are required to determine two payments that can be made and write those payments to replaced Payment 1 and Payment 2.

c)      Calculate the estimates total sales, estimated credit sales and estimated credit purchase for the first quarter.

d)      Prepare the Schedule of Expected Collection from Accounts Receivable, Schedule of Expected Payments for Accounts Payable and Cash Budget.

 

Source:

Practical Test Session 2021/2022

Kolej Matrikulasi Negeri Sembilan

ANSWER

As Salam and Hi everyone... My name is Puan Asmazatul Yusfiziati Binti Mohd Yusof CA(M) or you can call me Madam Fizi. I'm an Accounting lecturer at Negeri Sembilan Matriculation College (KMNS), Kementerian Pendidikan Malaysia. This blog (www.madamfizi.com) was created to share learning materials on the subject of Accounting for Matriculation, Form 6, Foundation, Diploma, Secondary School and related students.