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It is because the question asks for a cash budget from January to June, so the opening balance is the opening balance for the cash budget i.e. at start of January. (However the question should really make that a bit clearer).
The question in our free lecture notes which you should have downloaded from our free website before watching the lecture (as is stated above and also at the start of the lecture).
Thank you very much! It was really helpful!
Please do a financial statements forecast as well
We do - have you not watched out other lectures on this chapter? (They are all indexed on our free website)
thanks!
Where are you getting the purchases amounts?
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what if we don't have any information regarding the balance brought forward?
If there is no information provided it will be left as zero, as we can assumed there was no cash
Sir , its not in the free lectures notes .
what are u talking about? of course it's there in the free lecture notes.
why the opening balance is under jan not nov? isnt because the question asked to start from jan?
It is because the question asks for a cash budget from January to June, so the opening balance is the opening balance for the cash budget i.e. at start of January. (However the question should really make that a bit clearer).
CAN SOMEONE PLEASE TELL ME WHICH QUESTION # THIS IS?
The question in our free lecture notes which you should have downloaded from our free website before watching the lecture (as is stated above and also at the start of the lecture).
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