Zakes Limited is in the process of preparing its cash budget for the forthcoming financial year. The budgeted statement of financial position reflects the following balances for trade payables (creditors):
Trade payables
R
Opening balance 2 600 000
Closing balance 2 400 000
The purchases budget reflects budget credit purchases of R10 000 000. What is the expected cash payment to creditors?
A.R9 800 000
B.R10 200 000
C.R13 200 000
D.R14 800 000
