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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
at the end of May he has a voucher for expenditure of $270 and a balance in hand of $30. explain what the imprest amount is
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Replenishing the Petty Cash Fund Debit every expense account, supplies, or drawing as needed. Credit to Cash. Petty Cash is only debited when fund is established or increased.
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Q. Dependability of information? Additionally to being relevant information must be reliable to be useful. Information has reliability when it faithfully describes for users wh
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