unit 6.2 quizlet Flashcards
1
Q
Cash flow
A
Money that flows into and out of a business
2
Q
Cash inflow
A
Money that flows into a business i.e revenue from selling products
2
Q
Cash outflow
A
Money that flows out of a business i.e wage costs
3
Q
Opening balance
A
Closing balance at the end of last month
4
Q
Net cash flow equation
A
Cash inflows - cash outflows
5
Q
Closing balance equation
A
Opening balance + net cash flow
