1
Q
Insolvent
A
When a business doesn’t have enough money to survive and pay its debts and bills.
2
Q
Opening Balance
A
The money that a business has at the start of the month.
3
Q
Closing Balance
A
The money that a business has at the end of the month. Net cash flow + opening balance.
4
Q
Cash Flow Forecast
A
A prediction of the money coming in and out of the business.
5
Q
Cash inflows
A
The amount of money coming into a business.
6
Q
Cash outflows
A
The amount of money going out of a business
Year 10 Business
flashcards
Decks in class (3)
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