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Cash Flow Analysis:
As per the Institute of Cost and Works Accountants of India (AICWAI), a Cash Flow Statement is a declaration setting out the flow of cash under different heads of sources of funds and their consumption to establish the necessities of cash during the specified period and to get ready for its sufficient provision. usually, it can be understood as a statement which offers a detailed explanation for the change in a firm's cash during a exacting period by demonstrating the firm's sources and uses of cash during that period. This declaration is mostly prepared for internal decision making points and may not be of much use to outsiders.
Q. Starting inventory and net cost of purchases? Hanlon's start inventory (USD 24000) plus net cost of purchases (USD 166000) is equivalent to cost of goods available for sale
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WHO PREPARES A TRADING ACCOUNT AND WHY?
What are the implications of applying accounting concepts wrongly?
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An invoice for product X totals $1,200 and is dated July 6, 2000 with terms 2/10-60X. If the invoice is paid on September 3, 2000, what is the net amount of payment? A. $912
1. My accountant has told me that my business made a profit of £100,000 last year. However over the same time period my bank balance has decreased and not increased as I expected.
On January 1, 2012, Bartell Company sold its idle plant facility to Cooper Inc. for $1,050000. On this date, the plant had a depreciated cost of $735,000. Cooper paid $150,000 ca
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