ABC Ltd. has prepared the cash budget for the year 2014-2015 and provided the following information pertaining to sales value :Month Rs.April 2014 2,50,000May 2014 2,80,000June 2014 3,20,000July 2014 3,50,00020% of the monthly sales are expected to be on cash basis. 60% of the credit sales are expected to be realised in the month following the month of sales and remaining 40% are expected to be realized in the second month following the month of sale.The estimated cash receipts in the month of June 2014 are:

ABC Ltd. has prepared the cash budget for the year 2014-2015 and provi

1.	ABC Ltd. has prepared the cash budget for the year 2014-2015 and provided the following information pertaining to sales value :Month Rs.April 2014 2,50,000May 2014 2,80,000June 2014 3,20,000July 2014 3,50,00020% of the monthly sales are expected to be on cash basis. 60% of the credit sales are expected to be realised in the month following the month of sales and remaining 40% are expected to be realized in the second month following the month of sale.The estimated cash receipts in the month of June 2014 are:
A.	rs. 2,78,400
B.	rs. 3,00,000
C.	rs. 3,20,000
D.	rs. 3,32,000
Answer» B. rs. 3,00,000

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