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2. Inventories budget includes (down vertical axis):

  • Bank over draft; Purchases : Inventories used: Closing balance
  • Opening balance; Purchases : Inventories used: Closing balance
  • Cash balance; Purchases : Inventories used: Closing balance

3. Headings down the vertical axis of a CASH BUDGET

  • Company name
  • Titles of expenses
  • Months

4. Accounting Rate of Return (ARR) =

  • Av. annual operating profit / av. investment to earn that profit x100
  • Average annual investment = cost of initial investment + disposal value /2
  • Average annual profit = total profit over life of investment/ number of years of investment

5. Two subheadings (Vertical axis)

  • Reciepts; Payments
  • Payments; Revenue
  • Profit: payments

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