paper 1 formulae - cash flow family Flashcards

1
Q

total inflows/ total income

A

all inflows/ income added together for that month

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2
Q

total outflows/ total expenditure

A

all outflows/ expenditure added together for that month

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3
Q

net cash flow

A

total inflows/income – total outflows/expenditure

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4
Q

opening balance

A

last month’s closing balance

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5
Q

closing balance

A

opening balance + net cash flow

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