Cash Flow Statements

 

Accounts Receivable can also be known as

• Debtors

• Creditors

• Bank Account

• People that you owe money to

Accounts Payable is also known as......

• Debtors

• Creditors

• Accounts paid

• People you are going to get money from

 

The Cash Flow Statement is prepared on what basis?

• GST Inclusive

• GST exclusive

• Timely

• Shareholders' preferences

When calculating Cash from Accounts Receivable what are the first two lines of the formula?

• Opening Accounts Receivable

  plus credit purchases (invoices received)

• less bad debts

  less discount allowed

• Opening Accounts Receivable

  plus credit sales (invoices issued)

• less closing Accounts Receivable

  equals Amount received from Accounts Receivable

What are the first two lines in the formula to calculate Cash paid to Accounts Payable?

• Opening Accounts Payable

  plus Credit Purchases (invoices received)

• Opening Accounts Payable

  plus Cash Purchases

• Opening Accounts Payable

  less bad debts

• Opening Accounts Payable

  less Closing Accounts Payable

What 3 items might you see in the Receipts section of the Cash flow statement?

• Cash Receipts

• Cash from Accounts Receivable

• Wages

• Dividend Received

What 3 items might you see in the Payments section of the Cash flow statement?

• Cash purchases

• Depreciation

• Wages

• Loan Repayment

Total Receipts - Total Payments =

• Closing Bank Balance

• Opening Bank Balance

• Net increase / (decrease) in cash

• Total Profit

Which Two items would be included in a cash flow statement?

• Depreciation

• Insurance Direct Debit

• Insurance paid in advance

• Wages

Which Two items would not be seen on the face of a cash flow statement?

• New equipment purchased with cash

• Credit Purchases

• Prepayments

• Bank fees