Other Payments:

Fixed assets purchased - August Rs. 100 lakhs; Taxes - September Rs. 40 lakhs.

Rent Rs. 6,00,000 paid every month.

Purchases amount to 60% of sales. Payment will be made in the third month of purchases.

Study the case of 'Receivables Management In Tata Consultancy Services Limited' given in Unit 15 of this course and answer the questions given at the end of the case, on page 324.

 Commission 5% on credit sales payable in the third month

What is the Role of Central Bank in designing and implementing monetary and credit Policy? Highlight the main points of the latest monetary and credit policy declared by Reserve Bank of India.

Variable expenses 5% on turnover, there is a time lag of half a month.