Net Cash - The difference between expected income and planned expenditure , Opening Cash - Money an individual has at the start of a given period , Closing Cash - The money an individual plans to have at the end of a given period , Fixed Expenditure - Payment made on a regular basis. It does not vary with usage , Irregular expenditure - amount/when the payment is made varies with usage , Discretionary - payment on things we want but don’t need , Surplus - Expected income is greater than expenditure , Deficit - Expenditure is great than income ,

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