Cash Budgets - Financial Services

The heading on our cash budget should include?

• The words Cash Budget

• The time period e.g. April - June

• The year

• All of the above

The first row of our cash budget should be...

• Closing Balance

• Opening Balance

• Receipts

• Payments

The total receipts should also include the value of the opening balance?

• True

• False

The closing balance is calculated by....

• Opening Balance - Total Receipts - Total Payments

• Opening Balance + Total Receipts + Total Payments

• Closing Balance + Total Receipts - Total Payments

• Opening Balance + Total Receipts - Total Payments

A loan is an example of a...

• Receipt

• Payment

A loan repayment is an example of a...

• Receipt

• Payment

A travel expenses are an example of a...

• Receipt

• Payment

Wages you receive from your employer are an example of a...

• Receipt

• Payment

Insurance is an example of...

• Receipt

• Payment

The Closing Balance from one month becomes the Opening Balance for the next month...

• True

• False