Cashflow revision Flashcards
1
Q
Inflows
A
Inflows can be: sales, loan retained profit
2
Q
Outflows
A
Outflows can be: wages, stock, salaries, insurance
3
Q
Opening balance
A
is the cash that is available at the start of the month
4
Q
Closing balance
A
is how much money available at the end of the month