Cash budget help! i think the answer sheet is wrong not sure Watch

kay9
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Hi people, I have an exam on Monday so have just been revising and have come across this question and cant help feel the answer is wrong please could someone help me!
So basically Q5 says that the remainder will accrue evenly over the period which is 30,000/6 but then it says are paid for the month after they are incurred now i believe that should be feburary but the answers start it from january and our lecturer did a revision video on this aswell and did the same thing so im a bit worried!
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natninja
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(Original post by kay9)
Hi people, I have an exam on Monday so have just been revising and have come across this question and cant help feel the answer is wrong please could someone help me!
So basically Q5 says that the remainder will accrue evenly over the period which is 30,000/6 but then it says are paid for the month after they are incurred now i believe that should be feburary but the answers start it from january and our lecturer did a revision video on this aswell and did the same thing so im a bit worried!
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I'd have gone with February but remember that 31st January = 1st February and also that it is committed cash so it would make sense to take it out of the January budget because you can't spend it on other things. Otherwise can't think of why.
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