1) What is Income? a) Money received b) Money spent  2) What is Expenditure? a) Money received b) Money spent 3) An example of income is... a) Sales b) Bank loan 4) An example of expenditure is... a) Purchases b) Rent 5) If a business has an closing balance of £100 in December, what is their opening balance is January? a) £200 b) £100 c) 0 6) If a business spent £50 on wages, £50 on rent and £50 on raw materials, what is their total expenses? a) £50 b) £100 c) £150 7) If a business has £500 total income, spends £550, can they afford their £50 rent? a) Yes b) No 8) Why is important to prepare a cash budget? a) Highlights where we are spending money b) Allows the business to see what they are overspending on c) Shows how much is needed to save for something

Budgeting

Print
Embed

Leaderboard

Visual style

Options

Switch template

Continue editing: ?