Page 116 - DCOM505_WORKING_CAPITAL_MANAGEMENT

Unit 7: Cash Management

On September 8, Sushma is preparing his monthly report on funds invested during August. Notes
Table 1 shows the deposits each day during the month. It also shows the book
disbursements: that is, checks written but not clearing each day. This information comes
directly from the ledger accounts of Bhatt Enterprises.

Table 1: Daily Deposits and Cheques Drawn, Bhatt Enterprises

For the Month of August Daily Cheques Books
Starting Balance Deposit Drawn Balance
3,20,000
1 2,150,000 1,740,000 7,30,000
2 1,340,000 1,765,000 3,05,000
3 0 0 3,05,000
4 0 0 3,05,000
5 2,330,000 1,292,000 1,343,000
6 1,475,000 1,628,000 1,191,000
7 2,567,000 1,555,000 1,202,000
8 2,300,000 1,432,000 3,070,000
9 1,278,000 1,606,000 2,742,000
10 0 0 2,742,000
11 0 0 2,742,000
12 2,879,000 1,666,000 3,955,000
13 2,075,000 2,925,000 3,105,000
14 1,444,000 2,450,000 2,099,000
15 2,316,000 2,650,000 1,765,000
16 978,000 1,605,000 1,138,000
17 0 0 1,138,000
18 0 0 1,138,000
19 3,015,000 1,777,000 2,376,000
20 1,866, 000 2,355,000 1,887,000
21 1,924,000 2,202,000 1,791,000
22 2,416,000 2,330,000 1,877, 000
23 1,555, 000 1,270, 000 1,162, 000
24 0 0 1,162, 000
25 0 0 1,162, 000
26 2,650, 000 1,348, 000 2,464, 000
27 1,145, 000 2,603, 000 1,006, 000
28 3,065, 000 2,588, 000 1,483, 000
29 2,205, 000 2,346, 000 1,342, 000
30 2,488, 000 1,758, 000 2,072, 000
31 0 0 2,072, 000

Contd...

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