Budgeting Question Preview (ID: 36250)


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Which software program is used to create a cash budget?
a) Word
b) DTP
c) Spreadsheet
d) Database

Wages received, birthday present from auntie are examples of
a) opening balance
b) cash in
c) cash out
d) closing balance

The money you have at the start when preparing a budget is called the
a) opening balance
b) cash in
c) cash out
d) closing balance

To calculate the total amount of money spent in a spreadsheet, you would use the following
a) = cell + cell + cell
b) = cell - cell - cell
c) =sum(cell:cell)
d) use a calculator and key in answer.

When adding more than two cells together you use
a) +
b) -
c) *
d) autosum

When subtracting cells the mathematical operator used is
a) +
b) -
c) /
d) *

To calculate the closing balance you would
a) add opening balance and cash in, then take away cash out
b) add cash in and cash out, then take away opening balance
c) add cash out to cash in, then add the opening balance
d) add the opening balance, the cash in and the cash out all together.

The money you have left over at the end is known as
a) opening balance
b) cash in
c) cash out
d) closing balance

Which of the following is NOT an example of cash in?
a) wages received
b) pay back money borrowed
c) birthday money from auntie
d) chore money received

What is the name of the document you prepare to plan your money in and out and work out how much you have left over.
a) a letter
b) a form
c) a budget
d) a bank account

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