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Budgeting

Budgeting. Revision for Test. Budgeting is estimating what will happen next month or quarter. Record the Anticipated Receipts and total them. Record the Anticipated Payments and total them. Calculated Cash Flow by subtracting the Total Payments from the Total Receipts.

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Budgeting

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  1. Budgeting Revision for Test

  2. Budgeting is estimating what will happen next month or quarter

  3. Record the Anticipated Receipts and total them

  4. Record the Anticipated Payments and total them

  5. Calculated Cash Flow by subtracting the Total Payments from the Total Receipts

  6. Add in the Bank at Beginning

  7. Add the Cash Flow for the quarter to the Bank at beginning to get Bank at end

  8. Transfer Bank at end to Bank at start

  9. Repeat for the next month

  10. And then the final month

  11. Now make sure you have completed: • Budgeting Exercise – hand in Bloomin’ Florests • Budgeting HomeworkYassmin Travel and Tours. • Tom’s House of Horror – if you’ve finished all the exercises. • Something to take home and study for the Budgeting Test e.g. Tom’s House of Horror or Pauline’s – photocopy (available up the front).

  12. Test on Budgeting Will be on XXth August 20XX

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