Question
Many small business owners focus on the cash balance in their bank accounts and may not use the statement of cash flows to analyze how
Many small business owners focus on the cash balance in their bank accounts and may not use the statement of cash flows to analyze how their businesses are generating or using cash. Discuss what one piece of information is found on the statement of cashflows that is just as important as the bank balance (or more so) for the purpose of understanding the financial position of accompany.
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
Bank book and Cashflow Statement All the cash transactions wheather it is a cash receipt or a cash payment are recorded in the bank book The balance of the bank book should be debit otherwise it can b...
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Finance for Non Financial Managers
Authors: Pierre Bergeron
7th edition
176530835, 978-0176530839
