Cash & Treasury Assessment 2 - Task 1

GeorgiaHGeorgiaH AAT Student Posts: 107




Can any one help me with this question please?
I know how to work out the cash sales but need help with the rest

Thanks :smile:

Comments

  • IrrorateIrrorate Registered Posts: 140
    Trade Receivables
    Cash sales represents 20% of turnover meaning 80% are credit sales affecting TR in SLCA.
    Period 5 turnover: £1,440
    Period 5 cash sales: £288
    Period 5 credit sales: £1152

    Period 6 turnover: £1,520
    Period 6 cash sales: £304
    Period 6 credit sales: £1,216

    Credit sales are £1,216 & the trade receivables have reduced £45 between the periods so £1,216 + £45 = £1,261.

    Disposal
    Difference in NBV from period 5 to period 6: £-145 of which £120 relates to depreciation leaving £25 relating to the sale.
    We made a £5 loss on disposal so £20 is the receipt.

    Car lease payments
    Not too sure on this one, I think it's current period (£26) less the difference in the prepayment (£-2) = £24?

    Not studied the unit so take this with a grain of salt!
    GeorgiaH
  • GeorgiaHGeorgiaH AAT Student Posts: 107
    Ah yeah I understand it now, thanks very much @Irrorate :smile:
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