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ScotlandAccountingQuick questions

Management Accounting

Quick questions on Cash budgeting: receipts, payments and the closing balance - SQA National 5 Accounting

3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.

What is q1?
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Receipts £7000\pounds 7000, payments £9000\pounds 9000. Find the net cash flow. [1 mark]
What is q2?
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Opening balance £3000\pounds 3000, net cash flow £2000-\pounds 2000. Find the closing balance. [1 mark]
What is q3?
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Give one action for a business forecasting a negative closing balance. [1 mark]

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