Cash Budget Flashcards
1
Q
How many weeks in a fortnight
A
2
2
Q
How many weeks in a month
A
4
3
Q
How many weeks in a year
A
52
4
Q
How many fortnights in a year
A
26
5
Q
Estimated Cash Receipts (7)
A
Direct credit, Cash sales or fees, sale of an asset, interest received, dividends received, capital, loan raised or taken out
6
Q
Estimated Cash Payments (10)
A
EFTPOS, direct debit, automatic payment, internet transfer, cheque, cash drawings, cash deposit on a PPE asset, loan repayment, interest on loan, bank fees
7
Q
Not Included (5)
A
Non-cash transactions such as credit sales/purchases, gain or loss on sale of an asset, drawings of inventory, owner investing an asset, depreciation
