Financial management

3% discount if payment in 15 days, otherwise full payment in 40 days

15% discount if payment in 3 days, otherwise full payment 40 days

3% interest if payment made in 40 days and 15% interest thereafter

None of the above

Cash budget indicates timings of short-term borrowing

Cash budget is based on accrual concept

Cash budget is based on cash flow concept

Rs 75.00

-Rs 75.00

-Rs 20.00

Rs 20.00