Cash flow

Question 1

What basis is a cash flow done on

Answer 1

An actual basis

Question 2

What is an actual basis

Answer 2

you only count money out and in when it actually goes in and out

Question 3

Money invoiced in 2020 but not yet paid, does this go in the cash flow

Answer 3

Yes

Question 4

Money invoiced in 2020 but not yet paid, does this go in the cash flow

Answer 4

Cash flow. Because already counted it in income statement

Question 5

Do you include depreciation of assets go in a cash flow

Answer 5

NEVER

Question 6

If expenses were incurred in a previous year, but paid this year where would that go

Answer 6

Cash flow.

Question 7

What three things go on a cash flow statement

Answer 7

Operating activities
Investment activities
Financing activities

Question 8

What are operating activites

Answer 8

Generating cash flow from trading activities including tax paid

Question 9

What are investment activities

Answer 9

Shows cash inflows and outflows from sales of investments including subsidiaries and investments made

Question 10

What are financing activities

Answer 10

Changes to loan and share capital and payment of dividends to shareholder.