Concept of ''fund'' , Accounting Basics

Assignment Help:

Concept of 'Fund'

The word 'Fund' has a range of meanings. several people take it identical to cash and for them, there is no dissimilarity between Cash Flow and Funds Flow Statements.  Various others contain market- able securities besides cash in 'Funds'.  The International Accounting Standard'7' knows the lack of  a single definition for 'Funds', and uses the term 'Fund' to pass on to cash, and cash equal to or to Working Capital.  yet in Working Capital, there are 2 concepts - Gross Working Capital (aggregate Current Assets) and Net Working Capital (Current Assets - Current Liabilities).


Related Discussions:- Concept of ''fund''

Accounting, illustrate business cycle with reference to a retail trader whi...

illustrate business cycle with reference to a retail trader which does business on a cash basics

Exercise 5-3 analyzing and recording merchandise, Exercise 5-3 Analyzing an...

Exercise 5-3 Analyzing and recording merchandise transactions-both buyer and seller LO P1, P2 Santa Fe Company purchased merchandise for resale from Mesa Company with an invo

Analysis on the organizational assessment study dataset, Complete a descrip...

Complete a descriptive analysis of the following data elements in the Organizational Assessment Study dataset. Use appropriate graphical tools and descriptive statistics to charact

What is variable cost, Q. What is Variable cost? Variable cost -- a cos...

Q. What is Variable cost? Variable cost -- a cost which changes as production or sales change. If a business is producingnothing and selling nothing, variable cost must be zero

What is date column in journal, Q. What is Date column in journal? The ...

Q. What is Date column in journal? The first column on every journal page is for the date. Intended for the first journal entry on a page this column contains the year and mont

Explain about trade discount, Q. Explain about trade discount? A trade ...

Q. Explain about trade discount? A trade discount is a percentage deduction or else discount from the specified list price or catalogue price of merchandise. Companies utilize

What is current ratio in terms of accounting, Q. What is current ratio in t...

Q. What is current ratio in terms of accounting? The current ratio specifies the short-term debt-paying ability of a company. To find the current ratio we divide current assets

Financial forecasting approaches, Other than the Parsimonious forecasting a...

Other than the Parsimonious forecasting approach, what other financial forecasting approaches are there? Other than the Parsimonious forecasting approach, there are a number of oth

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd