Free Printable Unit 16 - Maintain financial records and monitor cash flow

Worksheets

Unit 16 - Maintain financial records and monitor cash flow

Total questions: 20

Worksheet time: 5hrs 0mins

Name

Class

Date

Which of the following is an example of a cash in-flow for a business?

payment to suppliers

paying back a loan to a bank

payment from debtors

purchase of fixed assets

Which of the following is an example of a cash out-flow for a business?

payments to creditors

sale of goods

payment from debtors

receiving a loan from the bank

Which of the following is NOT a use of cash-flow forecasts?

They indicate how much cash is available for paying bills

They show how much the bank needs to lend to stop insolvency

They indicate whether the business is holding too much cash

They indicate how much profit the business will make

Business cash flow forecasts are of use in all of the following situations except:

calculating last year’s profit or loss

finding out how much cash will be needed to start a business

keeping informed about the liquidity of the business

helping the manager to plan when to borrow money

A firm is forecast to have a negative closing bank balance. Which would reduce the problem?

sell more goods on 4 months credit

produce more goods

ask customers to pay in cash and not sell goods on credit

ask suppliers if the firm can pay for goods in cash

The monthly net cash flow for a business is calculated by:

sales revenue - cost of goods sold

total cash in - total cash out

total cash out - total cash in

total cash in - cost of goods sold

The amount of cash moving into and out of a business

Cash Flow

Net Worth

selling an asset would be an example of

cash inflow

cash outflow

Which is not a category of cash flow?

Operating

Investing

Financing

Current Assets

10.

The following would appear in which section of the cash flow statement?

Cash payments for purchasing inventory

Operating

Investing

Financing

11.

The following would appear in which section of the cash flow statement?

Cash received from a business investor

Operating

Investing

Financing

12.

Shows the total change in cash from operating, investing, and financing activities

Beginning Cash Balance

Net Cash Flows

Ending Cash Balance

13.

how much cash a business generates from it's core business operations - selling products or services

Operating Activities

Financing Activities

Investing Activities

14.

To work out the closing balance of each month we must...

Opening balance + Net Cash Flow

Closing balance + Net Cash Flow

Opening balance + Inflows

Opening balance + (Inflows - Outflows)

15.

Which of the following are considered inflows?

Revenue

Rent from owned properties

Wages

Electricity

16.

Another word for outflows and inflows is...

payments and reciepts

opening and closing

expenditure and costs

17.

Which of the following terms must you not talk about when discussing cash flow?

Profit

Loss

Inflows

Closing Balance

18.

If i have £20 in my account and I spend £10 but receive £5 how much do I have a the end of the month?

£15

£20

£10

£40

19.

Cash Flow Statement is based upon

Cash basis of accounting

Accrual basis of accounting

Credit basis of accounting

None of the above

20.

Cash from operating activities consist of ____

Operational Net Profit

Decrease in CA

Increase in CL

All

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Unit 16 - Maintain financial records and monitor cash flow

Total questions: 20

Worksheet time: 5hrs 0mins

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