Curently Learning Flashcards
1
Q
Cash
A
Refers to money a business has avariable to spend here and now
2
Q
Cash inflows
A
Money coming into the business
3
Q
Cash outflows
A
Money leaving the business
4
Q
Examples of cash inflows
A
Sales
Sales of assests-own
Loans
Investors
5
Q
Example of cash outflows
A
Wages
Variable costs eg raw materials
Bills
Loan repayments
6
Q
Cash sale
A
Paying immediately
7
Q
Cash sale
A
Paying immediately
8
Q
Credit sale
A
Paying after
9
Q
Trade credit
A
One business produces a line of credit to other businesses