Budget Entries (Junior Cert Business Studies): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What is net cash?
What is net cash?
Difference between income & expenditure
What is the formula for calculating net cash?
What is the formula for calculating net cash?
Total income - Total expenditure
What does a positive net cash figure indicate?
What does a positive net cash figure indicate?
A financial surplus
How is a deficit typically shown in a budget?
How is a deficit typically shown in a budget?
In brackets, e.g. (€300)
What is opening cash?
What is opening cash?
Money at start of a given period
Which of these might be included in opening cash?
Which of these might be included in opening cash?
Money in your current account
What is closing cash?
What is closing cash?
Money left over at end of period
What is the formula for calculating closing cash?
What is the formula for calculating closing cash?
Net cash + Opening cash
What happens to closing cash at the end of a budget period?
What happens to closing cash at the end of a budget period?
Becomes opening cash for next period
Murphy family: income €4,200, expenditure €3,800. What is their net cash?
Murphy family: income €4,200, expenditure €3,800. What is their net cash?
€400 surplus
Murphy family: net cash €400, opening cash €150. What is their closing cash?
Murphy family: net cash €400, opening cash €150. What is their closing cash?
€550
What does net cash show in your budget?
What does net cash show in your budget?
Whether you'll save or overspend