Q1: VTV Company has a cash balance of Rs.54,000 at the beginning of September and the following information is available: Creditors give one month credit Salaries are paid in the current month Fixed...

Q1: VTV Company has a cash balance of Rs.54,000 at the beginning of September and the following information is available:

• Creditors  give one month credit


• Salaries are paid in the current month


• Fixed costs are paid in one month arrears and include a charge for depreciation Rs.10,000 per month


• Credit sales are settled as follows: 40% in the month of sales, 45% in the next month and 12% in the following month. The balance represents bad debts.

Note: No need to enter currency symbol and comma just type numbers (for example: 10000)

G: Calculate 2nd month credit sales for the month of september.

H: Calculate 2nd month credit sales for the month of october.

I: Calculate 2nd month credit sales for the month of november.

J: Calculate Total receipt for the month of september.

K: Calculate Total Receipt for the month of October.