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Leaving Cert accounting - cash budgeting

  • 15-03-2008 10:30pm
    #1
    armbruster
    Registered Users, Registered Users 2 Posts: 109 ✭✭


    I'm doing the cash budgeting question on the 2002 paper at the moment, this is last section of my revision.

    The question states at the end that one quarter of the loan on 31 Jan is to be repaid with interest in June. If you look up the paper (examinations.ie) there's no mention of a loan and I can't seem to understand were the figure on the marking scheme came from?

    Anyone out there seen the question - know what to do?


Comments

  • #2
    acc grinds
    Registered Users, Registered Users 2 Posts: 55 ✭✭acc grinds


    In point (iii) it says that O'toole wishes to keep a minimum cash balance of €6,000 each month.
    So any month that the cash is below that figure he will get a loan.


  • #3
    Mars Bar
    Registered Users, Registered Users 2 Posts: 31,969 ✭✭✭✭Mars Bar


    We aren't even looking at Cash budgeting because they came up last year...


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