1) Why would you use a spreadsheet to create a cash budget? a) You can carry out calculations b) You can add nice pictures c) You are able to draw d) You can replicate formula 2) What is an opening balance? a) The money you have left from the previous month b) money you earned from work. c) The cost of your house d) The cost of your car e) The amount you paid to a supermarket 3) Why do you create a cash budget? a) You can predict future spending b) You can work out if you will end up in debt c) It lets you see what you spent 3 years ago d) It tells you your bank balance 4) Paying your electricity is an example of what in a cash budget? a) Cash Out b) Cash In c) Closing Balance d) Opening Balance 5) What is closing balance in a cash budget? a) The amount of money you should have left at the end of that month b) The money you started that month with c) The profit you made

S2 Budgeting and Spreadsheets

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