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Limitations of Funds Flow Statement: despite the a variety of uses of the announcement, it has convinced problems also. They consist of the subsequent
i) It cannot substitute either an income statement or a Balance Sheet as it does not give complete information
ii) It is organized from the information enclosed in the financial statements and per se the accuracy of the information is uncertain
iii) This declaration disregards the changes in the working capital items and thus fails to throw light on the financial position of the fear
iv) It does not offer for uninterrupted changes
Ken Young and Kim Sherwood organized Reader Direct as a corporation; each contributed $49,000 cash to start the business and received 4,000 shares of stock. The store completed its
matt schmidt company''s ledger shows the amount of
Matilda Crone owns and operates a public relations firm called Dance Fever. The following amounts summarize her business on August 31, 2014:
2 deprecation on equipment is calculated at 10% per annum on cost price new equipment for R400 was purchased on 1 December 2012 and has been recorded
Stewart Company sold 180 units @ $320 each on October 31, 2012. Cash selling and administrative expenses were $15,000. The following information is also available: The
state why carriage inwards is stated on the trading account
Q. What do you mean by account? An account is a division of the accounting system used to classify and summarize the decreases, increases and balances of each liability, asset,
meaning of accounts receivable
Q. What is Long-term liabilities? Long-term liabilities are debts such as a bonds payable and mortgage payable that aren't due for more than one year. Companies must show matur
want to know sbp bsc rato analysis for 2010 t0 2014
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