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WorksheetsCash flow Statements
Total questions: 15
Worksheet time: 9mins
Accounts Receivable can also be known as
Creditors
Debtors
Bank Account
People that you owe money to
Accounts Payable is also known as......
Debtors
Creditors
People you are going to get money from
Accounts Paid
The Cash Flow Statement is prepared on what basis?
GST inclusive
GST exclusive
timely
difficult
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
When calculating cash from Accounts Receivable what are the last two lines of the formula?
less Closing Accounts Receivable
equals Amount received from Accounts Payable
less Closing Accounts Receivable
equals Amount received from Accounts Receivable
less Closing Accounts Payable
equals Amount received from Accounts Payable
less Closing Accounts Payable
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
Cash flow Statement for the ____________ __________ 31 March 2021
(a)
Total Receipts - Total Payments =
Closing Bank Balance
Opening Bank Balance
Net increase / (decrease) in cash
Total Profit
Total Receipts - Total Payments = Net increase / (decrease) in cash. But what else also equals Net increase / (decrease) in cash?
Total Profit
Revenue - expenses
Opening Bank Balance
Closing Bank Balance
less the Opening Bank Balance
Be as Honest as Possible - I feel I understand Cashflow Statements and how to work out Cash from Accounts Receivable and Cash paid to Accounts Payable.
Not at all, I do not get it at all. Please help me!
Some of it. I feel I need to go through my notes again and need time to learn it.
Most of it. If I do some more examples I'm sure it will all make sense.
Yes, I am comfortable I understand Cash flow statements.
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
Which 3 items would be included in a cash flow statement?
Cash received from Accounts Receivable
Cash paid to Accounts Payable
Opening Bank
Owner took supplies for own use
