Paper 1 Cash flow family Flashcards

1
Q

Total Inflows/ Total Income

A

All inflows/ income added together for that month

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2
Q

Total Outflows/ Total Expenditure

A

All outflows/ expenditure added together for that month

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3
Q

Net Cash Flow

A

Total inflows/income – Total outflows/expenditure

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4
Q

Opening Balance

A

Last month’s closing balance

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5
Q

Closing Balance

A

Opening Balance + Net Cash Flow

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