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Business- personal and business finance

This class was created by Brainscape user beth hewitt. Visit their profile to learn more about the creator.

By: beth hewitt
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Decks in this class (11)

Understanding the purpose of accounting
Recording transactions 1,
What does hmrc stand for 2,
Management of the business 3
14  cards
Types of income- Capital income
What is capital income 1,
Loans 2,
Mortgages 3
6  cards
Types of income- Revenue income
What is revenue income 1,
Sales 2,
Cash sales 3
8  cards
Types of expenditure- capital expenditure
What is expenditure 1,
Describe capital expenditure usin...,
What is a non current asset 3
13  cards
Types of expenditure- revenue expenditure
What is revenue expenditure 1,
Give the 14 examples of revenue e...,
Inventory 3
25  cards
Sources of finance- internal
What are internal sources of inco...,
Examples of internal sources of i...,
Retained profit 3
14  cards
Sources of finance- external
What are external sources of fina...,
Examples of external source of fi...,
Owner s capital 3
54  cards
Cash flow forecasts
What are cash inflows 1,
What are cash outflows 2,
What do cash flow forecasts show 3
14  cards
Break Even
What is break even 1,
How is break even calculated 2,
How is contribution per unit calc...
19  cards
Understand the Importance of managing personal finance
What are the 4 functions of money 1,
Explain how money is a unit of ac...,
Explain how money is a means of e...
135  cards
Explore the personal finance sector
Explain the bank of england 1,
What are the responsibilities of ...,
What are the advantages of the ba...
68  cards

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Business- personal and business finance

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