CASH FLOW

MY PERSONAL CASH FLOW

QUESTION:

PREPARE PERSONAL CASH FLOW FOR ENCIK FAYYADH MIKHAIL

Encik Fayyadh Mikhail is an architect in a government sector. Following are the revenues and expenses incurred by him for the month of August 2018. You are required to assist Encik Fayyadh Mikhail to prepare his personal cash flow as he just started to record his expenses for this month.

Particulars	RM (budget)	RM (actual)
Income: Monthly salary Other sources income (freelance designer) Total Monthly Income	8, 750.50 2, 850.00 11,600.50	8, 750.50 2, 850.00 11,600.50
Expenses: (include fixed expenses, variable expenses and discretionary expenses) housing loan installment car loan installment monthly allowance for wife monthly allowances for children (3 X RM400 each children) telephone bill food house utilities petrol/ toll/parking services and maintenance car repairs medical expenses clothing entertainment household items personal items other expenses emergency fund	1,200.00 1, 100.00 1, 000.00 1, 200.00 100.00 250.00 250.00 600.00 250.00 200.00 200.00 150.00 250.00 1, 300.00 350.00 500.00 300.00	300.00 400.00 300.00 800.00 350.00 - 200.00 100.00 300.00 1, 500.00 300.00 700.00 300.00
Total Fixed expenses	2,400.50	6,050.50