PAPER 1 FORMULAE - 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 outflow/Expenditure for that month
3
Q
Net cash Flow
A
total inflows/income – Total outflows/expenditure
4
Q
Opening Balance
A
Last months closing balance
