Schedule of Collection from Debtors

Credit Sales per Month

January
February March
October
10,000
3,000
November
13,000
5,200
3,900
December
16,000
4,800
6,400
4,800
January
15,000
4,500
6,000
February
14,000
4,200
13,000
14,800
15,000
Dalaroo Traders
Cash Budget
for each of the three months ended 31 March 2019
January
February March
Receipts
Debtors
15,000
16,800
17,000
Bank Loan
11,000
Capital
3,000
Total
26,000
19,800
17,000
Payments
Advertising
2,600
Drawings
3,000
Creditors
11,000
16,000
11,000
Motor Vehicle
19,000
1,000
1,000
Total
33,000
17,000
14,600
Cash Surplus (Deficit)
7,000
2,800
2,400
Cash Beginning Balance
4,300 - 2,700
100
Cash Ending Balance
2,700
100
2,500
Should the business go ahead with purchasing motor vehicle? No.
Three advantages of preparing budget:
1) providing business with a set of objectives to be met
2) identifying potential problems, such as cash shortages
3) coordinating business activities

Schedule of Collection from Debtors

Credit Sales per Month
January
February March
October
9,000
900
November
8,000
3,200
800
December
9,000
4,500
3,600
900
January
10,000
5,000
4,000
February
7,000
3,500
8,600
9,400
8,400
Dalaroo Traders
Cash Budget
for each of the three months ended 31 March 2019
January
February March
Receipts
Debtors
9,600
10,400
9,400
Bank Loan
6,000
Total
9,600
16,400
9,400
Payments
Creditors
5,000
6,000
5,300
Wages
3,900
4,100
4,100
Insurance
400
Drawings
700
Office Equipment
2,000
1,000
1,000
Total
11,600
11,500
10,400
Cash Surplus (Deficit)
- 2,000
4,900 - 1,000
Cash Beginning Balance
100 - 1,900
3,000
Cash Ending Balance
- 1,900
3,000
2,000

Schedule of Collection from Debtors

Credit Sales per Month
April
May
June
January
13,000
1,300
February
16,000
9,600
1,600
March
14,000
4,200
8,400
1,400
April
13,000
3,900
7,800
May
16,000
4,800
15,100
13,900
14,000
Albany Traders
Cash Budget
for each of the three months ended 30 June 2026
April
May
June
Receipts
Debtors
Investment
Capital
Total
Payments
Wages
Drawings
Creditors
Photocopier
Loan from Bank
Total
Cash Surplus (Deficit)
Cash Beginning Balance
Cash Ending Balance

Sales per Month

July
August
September
October
November
December

15,100
8,900
24,000
1,700
800
5,400
8,000
15,900
8,100 1,000
9,100

13,900

14,000

2,000
15,900

14,000

1,700
8,300
7,200
17,200
1,300
9,100
7,800

1,700
900
4,500

7,100
6,900
7,800
14,700

Schedule of Collection from Debtors

October
November
December
Cash
Credit
Cash
Credit
Cash
13,000
650
18,000
2,700
900
16,000
4,800
2,400
13,000
6,500
3,900
18,000
9,000
19,000
9,500
6,500
8,150
9,000
7,200
9,500

December
Credit

800
1,950
5,400
8,150

Jul
Aug
Sep
Oct
Nov

Schedule of Collection from Debtors

Credit Sales per Month
Oct
Nov
Dec
8,000
800
4,900
1,960
490
7,000
3,500
2,800
700
3,800
1,900
1,520
5,000
2,500
6,260
5,190
4,720

Northam Traders
Cash Budget
for each of the three months ended 31 Dec 2021
Oct
Nov
Dec
Receipts
Debtors
6,260
5,190
4,720
Investment
800
1,580
Total
7,060
5,190
6,300
Payments
Creditors
3,500
5,100
3,800
Drawings
2,000
Computer
1,000
240
240
Advertising
2,100
Loan
400
400
400
Total
9,000
5,740
4,440
Cash Surplus (Deficit)
- 1,940 550
1,860
Cash Beginning Balance
700 - 1,240 - 1,790
Cash Ending Balance
- 1,240 - 1,790
70

Schedule of Collection from Debtors

Jul
Aug
Sep
Cash
Credit
Cash
Credit
Cash
9,400
1,692
7,800
2,106
1,404
8,000
800
3,528
2,160
4,000
400
1,764
9,000
900
800
7,326
400
5,328
900

Sales per Month

May
Jun
Jul
Aug
Sep

Geraldton Traders
Cash Budget
for each of the three months ended 30 Sep 2024
Jul
Aug
Sep
Receipts
Debtors
Capital
Total
Payments
Creditors
Wages
Rent
Drawings
Office Furniture
Total
Cash Surplus (Deficit)
Cash Beginning Balance
Cash Ending Balance

8,126

5,728
8,000
13,728

7,389

3,280
4,950

510

3,640
4,950
1,800
510

8,930
804
500 304

10,900
2,828 304
2,524 -

8,126
3,920
4,500

7,389

510
2,100
10,840
3,451
2,524
927

Sep
Credit

1,440
1,080
3,969
6,489

Schedule of Payment to Creditors

Purchase per Month Jul
Aug
Sep
Jun
3,800
1,520
Jul
4,000
2,400
1,600
Aug
3,400
2,040
1,360
Sep
3,200
1,920
3,920
3,640
3,280

Collie Traders
Cash Budget
For the month ended 31 July 2019
Receipts
Sales
Sale of MV
Total
Payments
Creditors
Loan Repayment
Interest on Loan
Wages
Electricity
Rent
Total
Cash Surplus
Cash Beg Bal
Cash End Bal

15,100
21,000
36,100
11,000
1,800
100
8,200
2,000
1,700
24,800
11,300
2,100
13,400

Collie Traders
Budgeted Income Statement
For the month ended 31 July 2019
Sales
Less: Cost of Sales
Gross Profit
Add: Other Income
Gain on Sale of MV
Less: Other Expenses
Depreciation on MV
Interest on Loan
Wages
Electricity
Rent
Total Other Expenses
Profit

21,000
6,500
14,500
350
350
100
8,350
3,000
1,000
12,800
2,050

Kalgoorlie Traders
Cash Budget
For three months ended 30 Sep 2022
Receipts
Sales
Sale of Office Equipment
Total
Payments
Creditors
Loan Repayment
Interest on Loan
Wages
Telephone
Rent
Total
Cash deficit
Cash Beg Bal
Cash End Bal

7,200
2,500
9,700

5,400
1,800
150
2,600
1,900
3,100
14,950
5,250
1,490
6,740

Kalgoorlie Traders
Budgeted Income Statement
For three months ended 30 Sep 2022
Sales
Less: Cost of Sales
Gross Profit
Less: Other Expenses
Loss on Sale of Office Equipment
Depreciation on Office Equipment
Interest Loan
Wages
Telephone
Rent
Total
Profit

14,940
3,900
11,040
1,200
300
150
2,700
2,000
2,800
9,150
1,890

Learn 2 Dance College

Cash Budget
For Six Months Ended 31 Dec 2024
Receipts
Fees
Interest
Sale of Office Equipment
Total
Payments
Loan Repayment
Wages
Rent
Total
Cash Surplus
Cash Beg Bal
Cash End Bal

19,140
240
500
19,880
470
11,000
5,940
17,410
2,470
310
2,780

Learn 2 Dance College

Budgeted Income Statement
For Six Months Ended 31 Dec 2024
Fees
Add: Other Income
Interest
Less: Other Expenses
Depreciation on Office Equipment
Loss on Sale of Office Equipment
Wages
Rent
Total
Profit

College
Statement
d 31 Dec 2024
17,810
240
100
1,300
11,300
5,220
17,920
130

Tours of Western Australia

Cash Budget
For Three Months Ended 31 Dec 2027
Receipts
Fees
Bank Loan
Total
Payments
Bus
Advertisement
Wages
Electricity
Total
Cash Surplus
Cash Beg Bal
Cash End Bal

60,489
91,000
151,489

83,000
2,100
19,300
3,900
108,300
43,189
1,790
41,399

Tours of Western Australia

Budgeted Income Statement
For Three Months Ended 31 Dec 2027
Fees
Less: Other Expenses
Depreciation on Bus
Advertisement
Wages
Electricity
Total
Profit

49,068
1,925
1,400
19,800
4,100
27,225
21,843

Bargain Pottery
Cash Budget
For the year ended 30 June 2028
Receipts
Capital
Bank Loan
Sales
Total
Payments
Creditors
Wages
Rent
Advertising
Total
Cash Surplus
Cash Beg Bal
Cash End Bal

22,000
3,000
64,600
89,600
29,600
17,400
14,300
2,100
63,400
26,200
26,200

Bargain Pottery
Budgeted Income Statement
For the year ended 30 June 2028
Sales
Less: Cost of Sales
Gross Profit
Less: Other Expenses
Wages
Rent
Advertising
Total
Profit

64,600
27,200
37,400
17,800
13,900
1,800
33,500
3,900

Perth Traders
Cash Budget Performance Report
For the three months ended 30 June 2019
Budget
Actual
Variance
Receipts
Debtors
Capital
Investment
Total
Payments
Creditors
Wages
Rent
Total
Cash Surplus (Deficit)
Cash Beginning Balance
Cash Ending Balance

38,100
5,000
6,000
49,100

39,100
5,000
2,000 46,100

1,000 F
Nil
4,000 U

13,800
15,000
7,300
36,100
13,000
1,000
14,000

16,800
14,900 7,300
39,000
7,100
1,000
8,100

3,000 U
100 F
Nil

Narrogin Traders
Cash Budget Performance Report
For the month ended 30 June 2026
Budget
Actual
Variance
Receipts
Debtors
Investment
Total
Payments
Bank Loan
Wages
MV
Drawings
Creditors
Total
Cash Surplus (Deficit)
Cash Beginning Balance
Cash Ending Balance

21,330
4,800
26,130

21,800
4,700 21,800

470 F
100 U

1,000
2,900
9,000
1,000
8,200
22,100
4,030
7,000
11,030

1,000
2,600 9,400
700 8,100 21,800
1,000
1,000

300
400
300
100

Nil
F
U
F
F

Mega Video Store

Cash Budget Performance Report
For the year ended 30 June 2029
Budget
Actual
Receipts
Hiring Fees
Capital
Motor Vehicle
Total
Payments
Bank Loan
Creditors
MV
Advertising
Wages
Superannuation
Total
Cash Surplus (Deficit)
Cash Beginning Balance
Cash Ending Balance

Variance

195,000
11,000
5,800
211,800

181,000 - 14,000 U
9,000 - 2,000 U
5,400 400
195,400

2,900
110,000
26,000
15,000
22,000
1,900
177,800
34,000
15,000
49,000

2,900
111,000
25,000 17,000
21,400 1,700 179,000
16,400
15,000
31,400

1,000
1,000
2,000
600
200

Nil
U
F
U
F
F

Nannup Traders
Budgeted Income Statement Performance Report
For the year ended 30 Jun 2019
Budget
Actual
Variance
Sales
84,100
85,000
900
Less: Cost of Sales
39,000
47,000
8,000
Gross Profit
45,100
38,000 - 7,100
Add: Other Income
Gain on Sale of OE
2,800
4,800
2,000
Less: Other Expenses
Depreciation on MV
1,500
1,600
100
Wages
26,000
29,000
3,000
Rent
11,500
11,300 200
Total
39,000
41,900
3,200
Profit
8,900
900 - 3,400

F
U

F
U
U
F

Esperance Traders
Budgeted Income Statement Performance Report
For the year ended 30 Jun 2021
Budget
Actual
Variance
Sales
98,700
97,000 - 1,700
Less: Cost of Sales
30,200
33,000
2,800
Gross Profit
68,500
64,000 - 4,500
Add: Other Income
Gain on Sale of Land
21,000
8,000 - 13,000
Less: Other Expenses
Depreciation on OE
1,480
1,900
420
Electricity
7,110
6,400 710
Wages
28,500
29,100
600
Rent
9,700
10,400
700
Total
46,790
47,800
1,010
Profit
42,710
24,200 - 18,510

U
U

U
U
F
U
U

Success Tutor
Budgeted Income Statement Performance Report
For three months ended 30 Sep 2024
Budget
Actual
Variance
Fees
325,000 329,000
4,000 F
Add: Other Income
Interest
1,940
1,700 240 U
Less: Other Expenses
Advertising
5,820
5,900
80 U
Wages
210,000 209,000 - 1,000 F
Depreciation on OF 155
155
Nil
Interest on Loan 310
290 20 F
Total
216,285 215,345 940
Profit
110,655 115,355
4,700

Copyright A. Doyle 2011

ISBN 978-0-9807646-5-9
Doyle A. (Ashley)
Accounting 3A