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VICAccountingQuick questions
Unit 4: Recording, reporting, budgeting and decision-making
Quick questions on Budgeted accounting reports (VCE Accounting Unit 4)
2short 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 are operating cash flows?Show answer
Operating inflows = cash sales 18,000 plus receipts from receivables 9,000 = 27,000 dollars. Operating outflows = payables 11,000 plus wages 6,000 = 17,000 dollars. Net operating cash flow = 27,000 minus 17,000 = 10,000 dollars.
What are financing cash flows?Show answer
Financing outflow = loan repayment 2,000 dollars. Net financing cash flow = minus 2,000 dollars.
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