FNSACC513 Assessment Task On Manage Budgets And Forecasts

Part A
Service Industry: In.Credible Consulting Group

Task 4
Using the above data supplied for In.Credible Consulting Group, prepare a Cash Budget for the quarter October to December 2018. A breakdown should be shown for Receipts and Payments calculations.

• GST is to be added to this budget.
• Salaries, wages and commissions normally would have PAYG instalments deducted from them. For the purpose of this assessment ignore PAYG and classify these as “Not subject to GST”.
• Use worksheet method 2 from the text book pages 90-91.
• There is no need to classify by department for this question.
• List expenses in alphabetical order.