Paper 1 Cash flow family Flashcards
1
Q
Total Inflows/ Total Income
A
All inflows/ income added together for that month
2
Q
Total Outflows/ Total Expenditure
A
All outflows/ expenditure added together for that month
3
Q
Net Cash Flow
A
Total inflows/income – Total outflows/expenditure
4
Q
Opening Balance
A
Last month’s closing balance
5
Q
Closing Balance
A
Opening Balance + Net Cash Flow
