Team 1
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Team 2
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Teams
Name
Score
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banana
Go to last place!
Oops!
×
magnet
Take 25 points!
Okay!
×
rocket
Go to first place!
Okay!
×
thief
Give points!
5
10
15
20
25
15
×
What is a budget surplus?
When income is greater than expenditure.
Oops!
Check
Okay!
Check
15
×
Define closing cash.
Money left at the end of the period.
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Okay!
Check
×
baam
Lose 5 points!
Oops!
×
shark
Other team loses 10 points!
Okay!
×
shark
Other team loses 20 points!
Okay!
×
lifesaver
Give 20 points!
Oops!
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seesaw
Swap points!
Oops!
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star
Double points!
Okay!
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fairy
Take points!
5
10
15
20
25
×
thief
Give points!
5
10
15
20
25
15
×
If expenditure > income, what does this show?
A deficit.
Oops!
Check
Okay!
Check
15
×
Name the three types of expenditure in a budget.
Fixed, Irregular, Discretionary.
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seesaw
Swap points!
Oops!
×
gift
Win 25 points!
Okay!
×
shark
Other team loses 20 points!
Okay!
×
thief
Give points!
5
10
15
20
25
15
×
What does net cash mean?
Difference between income and expenditure.
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Check
Okay!
Check
15
×
If opening cash âŽ100 and net cash âŽ50 â closing cash = ?
âŽ150
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15
×
What is a budget deficit?
When expenditure is greater than income.
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Okay!
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15
×
Give one benefit of budgeting.
Helps avoid overspending.
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Okay!
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15
×
Formula for closing cash?
Opening Cash + Net Cash
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15
×
What can a household do to fix a deficit?
Reduce spending or increase income.
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15
×
If income âŽ2,500, expenditure âŽ2,000 â net cash = ?.
âŽ500 surplus
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15
×
What two main elements make up a budget?
Income and Expenditure
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