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 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
