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Business- personal and business finance

This class was created by Brainscape user beth hewitt. Visit their profile to learn more about the creator.

By: beth hewitt
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Decks in this class (9)

Understanding the purpose of accounting
Recording transactions,
What does hmrc stand for,
Management of the business
14  cards
Types of income- Capital income
What is capital income,
Loans,
Mortgages
6  cards
Types of income- Revenue income
What is revenue income,
Sales,
Cash sales
8  cards
Types of expenditure- capital expenditure
What is expenditure,
Describe capital expenditure usin...,
What is a non current asset
13  cards
Types of expenditure- revenue expenditure
What is revenue expenditure,
Give the 14 examples of revenue i...,
Inventory
25  cards
Sources of finance- internal
What are internal sources of income,
Examples of internal sources of i...,
Retained profit
14  cards
Sources of finance- external
What are external sources of finance,
Examples of external source of fi...,
Owner s capital
54  cards
Cash flow forecasts
What are cash inflows,
What are cash outflows,
What do cash flow forecasts show
15  cards
Break Even
What is break even,
What is the equation for break even,
How is contribution per unit calc...
21  cards

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Business- personal and business finance

  • Class purpose General learning

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