Skip to main content

Cash Flows Learning Trail

Part 3: Revision Questions

All the questions below refer to the Cash Flow Forecast of GoodWood. It would be easiest to have a print out of this Cash Flow Forecast, from Part 2, to be able to complete the first set of questions. Alternatively you could use the link below each question to look at the Cash Flow Forecast. You could save this section to disk before you answer the questions as this will save time on line.

1. In the introduction we stated that a Cash Flow Forecast is made up of three parts, these are:

a).

b).

c).

2. All questions refer to the Cash Flow Forecast of GoodWood.

(a) In which month are Debtor Payments the highest?

(b) In which month is Total Expenditure the lowest?

(c) In which month is the difference between Revenue and Expenditure the largest?

(d) In which months is Revenue greater than Expenses?




(e) How much is the difference between Total Revenue and Total Expenditure over the period January to June inclusive?

(f) What is the Total Expenditure for the period January to June inclusive?

(g) What is the Opening Balance for March?

(h) What will be the Opening Balance for July?

(i) What is the Total Revenue for the period January to June inclusive?

(j) In which month are Cash Sales the highest?

(k) What is the Closing Balance for the month of April?

(l) Which is the largest item of Expenditure in May?

(m) If Good Wood received a bill for £1500 on the 1st of July, would the business have enough in the Bank to pay it?

3. Define the following terms:

(a) Revenue




(b) Cash Sales




(c) Debtors Payments




(d) Total Revenue




(e) Expenditure




(f) Total Expenditure




(g) Net Cash Flow




(h) Opening Balance




(i) + / - Net Cash Flow




(j) Closing Balance



Labels:

Comments

Post a Comment

Silahkan tulis komentar anda, gunakan bahasa yang baik dan enak dibaca. Terimakasih...!

Popular posts from this blog

Interactive Worksheet: The Accounting Equation

by Ken Delaney-Moore, Sheffield Hallam University Aims: This worksheet deals with: The accounting equation. The accounting concepts of 'business entity' and 'dual aspect'. The effects of transactions on the balance sheet. After having completed the worksheet you should be better able to perform to syllabus specifications relating to these points. When you are done, please fill-in the on-line evaluation form in order for us to monitor the quality of the materials we provide for you. Tell us what we're doing right and wrong. It takes very little time, and your opinions are valued - thank you. A business start-up Imagine that 'Jim Sayers' puts £5,000 of his personal savings into a business bank accoun...
Post a Comment
Read more

MEMBUAT DATABASE APLIKASI AKUNTANSI DENGAN MICROSOFT ACCESS 2007

Microsoft Office Access 2007 merupakan aplikasi pembuatan database yang diciptakan Raksasa Microsoft Corporation, Hingga saat ini banyak sekali perusahaan menggunakan aplikasi ini dalam membuat database untuk keperluan bisnisnya, baik dengan menggunakan 100% access, maupun dengan memanfaatkan enginenya dan menggabungkan dengan aplikasi visual lainnya seperti Visual Basic, dsb. Access 2007 merupakan dipenyempurnaan dari access 2003. Berikut ini kita akan mencoba membuat database sederhana untuk keperluan akuntansi. Untuk membuat aplikasi database akuntansi tentu diperlukan banyak tabel, query, dan report yang harus dipersiapkan. Apalagi jika akuntansi untuk perusahaan dagang, dan manufaktur. Untuk lebih memudahkan bagi pemula yang ingin belajar membuat aplikasi dengan menggunakan Microsoft office access 2007, maka disini saya akan mencoba membahas aplikasi database akuntansi sederhana untuk perusahaan jasa. dalam menyusun suatu database tentu sebelumnya kita harus menyusun normalisas...
46 comments
Read more

The Current Ratio

The Current Ratio The current ratio is also known as the working capital ratio and is normally presented as a real ratio. That is, the working capital ratio looks like this: Current Assets: Current Liabilities = x: y eg 1.75: 1 The Carphone Warehouse is our business of choice, so here is the information to help us work out its current ratio. Consolidated Balance Sheet 31 March 2001 25 March 2000 £'000 £'000 Total Current Assets 315,528 171,160 Creditors: Amounts falling due within one year 222,348 173,820 As we saw in the brief review of accounts section with Tesco's financial statements, the phrase current liabilities is the same as Creditors: Amounts falling due within one year . Here's the table to fill in. OK, so we've done this one for you! Current Ratio For the Carphone Warehouse 31 March 2001 Current Assets: Current Liabilities 315,528: 222,348 1.42: 1 25 March 2000 Current Assets: Current Liabilities 171,160: 173,820 0.98: 1 Math...
Post a Comment
Read more