Closing balance
What Closing balance means in Business GCSE, as defined for AQA, Pearson Edexcel.
Definitions of Closing balance
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Reference: AQA
Opening balance plus net cash flow, which becomes next month's opening balance.
Calculated by adding the net cash flow to the opening balance.
The previous month's opening balance plus net cash flow.
Topics that use Closing balance
- Cash flow (AQA GCSE)
- Cash and cash-flow (Pearson Edexcel GCSE)
Related terms
- Cash
- Insolvency
- Net cash flow
- Opening balance
- Cash Flow
- Cash Flow Forecast
- Cash flow management
- Cash inflows and outflows
Using Closing balance in the exam
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