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Analysed Cash Book.

Analysed Cash Book. 09/01/13. 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. .

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Analysed Cash Book.

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  1. Analysed Cash Book. 09/01/13

  2. 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.

  3. Entrance Exit MONEY IN MONEY OUT DEBIT CREDIT

  4. 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?

  5. Which of these are not DR(Debit) entries? • Child benefit • Mobile phone bill • Wages • Lottery winnings • Lottery tickets

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