Pie charts compare different categories as though they were segments of a cake or pie. The first pie chart shows the main areas of spending for the family. The second pie chart shows the sources of income.
Family Expenditure - April 2020 €85 €220
€410 €925 €1,650 Sources of Income - April 2020
Food
Mortgage
Light & Heat
Car
Others Chapter Review
Key Terms Checklist Using a pencil, place a
¸in each box to indicate how
well you know and understand each Key Term. q I know and understand this Key Term.
q I am still a bit uncertain about what this Key Term means. q I don’t understand this Key Term yet.
When you revise each chapter, tick the boxes again to indicate how much you have learned.
1.
2. 3. 4.
5. 6.
The analysed cash book is an account (or a record) of all money received and all money paid out over a period of time under different headings.
An asset is anything that you own. A liability is any debt owed by you to someone else.
Bar charts represent data with rectangular bars and can be used when comparing a large number of different categories.
Pie charts compare different categories as though they were segments of a cake or pie.
Salary
Child Benefit
q q q q q q q q q
Contra entries happen when we have to make a debit entry and a credit entry in the analysed cash book for the same transaction.
