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Uses of Funds Flow Statement:
This declaration is extremely helpful for policy makers as it traces the movement of funds inside the organization. Various of the uses include the subsequent:
i) It make clear the financial cost of business operations by providing a whole picture of sources and applications of funds.
ii) It proceeds as an instrument for allotment of resources
iii) It measures the effectiveness of the management in utilizing the funds in the past
iv) It is a examination as to effective or otherwise use of working capital
v) It aids in useful decision making
“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.
Carrying amounts of merchandise materials as well as supplies inventories are generally determined on a moving average cost basis and are stated at the lower of cost or market.
How to do worksheet?
what is the exact meaning of journal that we doing entries??
office supplies on hand at year-end amounted to 3000.
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