Budgets notes

Budgets are financial plans that project future income, expenses, and cash flows. In Grade 12, you work with Cash Budgets and Projected Income Statements for both sole traders and companies. The…

This section is what a budget is in Grade 12: mainly the Cash Budget and the Projected Income Statement for sole traders and companies. Paper 2 is analysis and interpretation (Grade 11 already…

This section is the debtors' collection schedule that feeds Cash Budget receipts. Credit sales of each month are collected on the paper's pattern. Cash sales skip this schedule and go straight to…

This section is the creditors' payment schedule (creditors' budget) that feeds Cash Budget payments. Credit purchases of each month are paid on the paper's pattern. Cash purchases skip the schedule…

This section is commenting on a Cash Budget (and often a Projected Income Statement) for a sole trader or company. Grade 12 is analysis, not just filling in the missing figure. Use the paper's…