Business cash flow family Flashcards
1
Q
Total inflows/ total income
A
All inflows/ income added together for that month
2
Q
Total outflows/ Total expenditure
A
All outflows/ expenditure added together for that month
3
Q
Net Cash flow
A
Total inflows/ income - Total outflows/ expenditure
4
Q
Opening balance
A
Last month’s closing balance
5
Q
Closing balance
A
Opening balance + Net cash flow
