090113 Sarah and Michael earn 1500 between them a month Their spending is as follows Rent 700 Food and drink 360 Electricity 30 Telephone 40 Clothes 120 Entertainment 200 ID: 208751
Download Presentation The PPT/PDF document "Analysed Cash Book." is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
Slide1
Analysed Cash Book.
09/01/13Slide2
Sarah and Michael earn €1500 between them a month. Their spending is as follows: Rent €700, Food and drink €360, Electricity €30, Telephone €40, Clothes €120, Entertainment €200.
Which two of the following statements are true in relation to the information provided?
They can save a maximum of €50 every month.
They can afford a weekend break that costs €99 per person.
They need to keep an accurate record of the financial position.
They do not have a disposable income.Slide3
Entrance
Exit
MONEY IN
MONEY OUT
DEBIT
CREDITSlide4
Calculation
You received €80.00 from your aunt at Christmas. You buy a new pair of Vans costing €35.00 and top-up by €20.00
Place these figures in a T – Account.
Calculate the balance.
From the money left over would you have enough to buy a new pair of jeans for €20.00?Slide5
Which of these are
not
DR(Debit) entries?
Child benefit
Mobile phone bill
WagesLottery winnings
Lottery tickets