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Month: December 2021
Difference Between Cash Flow And Balance Sheet
B maximize cash inflows. The cash flow statement and the income statement are integral parts of a corporate balance sheet. The traditional definition of cash flow is the amount a companys cash balance increases or decreases during a specific period. Since we know from above that the cash flow is the same as the change […]
Income Statement Financial Position
It represents an undertakings financial position as on a particular day being the last day of the reporting period. The PL formula is Revenues Expenses Net Income. Debit RM Credi t RM Purchases and Sales 97500. It shows the value of a business assets and liabilities at a particular time. The profit or loss is […]
