Team 1
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Team 2
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Teams
Name
Score
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15
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What can a household do to fix a deficit?
Reduce spending or increase income.
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15
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What is a budget?
A financial plan showing expected income and spending.
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15
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Define opening cash.
Money at start of the period.
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15
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Define closing cash.
Money left at the end of the period.
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15
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What does net cash mean?
Difference between income and expenditure.
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eraser
Reset score!
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rocket
Go to first place!
Okay!
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rocket
Go to first place!
Okay!
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lifesaver
Give 20 points!
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15
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Who uses budgets?
Individuals, households, and governments.
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lifesaver
Give 20 points!
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seesaw
Swap points!
Okay!
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gift
Win 5 points!
Okay!
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banana
Go to last place!
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15
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Formula for closing cash?
Opening Cash + Net Cash
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15
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If income âŽ2,500, expenditure âŽ2,000 â net cash = ?.
âŽ500 surplus
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baam
Lose 20 points!
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gift
Win 20 points!
Okay!
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gift
Win 25 points!
Okay!
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banana
Go to last place!
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seesaw
Swap points!
Oops!
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star
Double points!
Okay!
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shark
Other team loses 5 points!
Okay!
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thief
Give points!
5
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25
15
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What is a budget surplus?
When income is greater than expenditure.
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15
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If opening cash âŽ100 and net cash âŽ50 â closing cash = ?
âŽ150
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15
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If expenditure > income, what does this show?
A deficit.
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15
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What is a budget deficit?
When expenditure is greater than income.
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