Key terms(2.1.4) Flashcards
Business plan definition
a document giving details of a variety of aspects about the business in order to provide a strategic look at the business to attract investors
it contains details such as the product costs revenues cash flow forecasts
Cash flow definition
the movement of cash into and out of a business over a period of time
Cash inflows definition
the flow of cash into a business
Cash outflow definition
the flow of cash out of a business
Cash flow forecasts definition
the predicted flow of cash into and out of a business over a period of time
Closing balance definition
cash left in the account at the end of the month
net cash flow + opening balance
Net cash flow definition
the difference between the cash flowing in and out og a business over a period of time
cash inflows - cash outflows
Opening balance definition
cash in the bank on the first day of the month
