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What is the difference of Fund Flow Statement and Cash Flow
Statement?
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Answer / hmingliana
Fund flow deals with transaction within financial year (One
year) whereas Cash flow Statement record only cash
transaction.
| Is This Answer Correct ? | 3 Yes | 5 No |
1.Closing Inventory consists of 1,100 units. What would be the cost of Closing Inventory under FIFO and LIFO methods? Opening Inventory 1000 units @ $ 10 $ 10,000 Purchase (1) 800 units @ $ 11 $ 8,800 Purchase (2) 500 units @ $ 14 $ 7,000 Purchase (3) 400 units @ $ 12 $ 4,800 Purchase (4) 300 units @ $ 13 $ 3,900 ------------ ----------- Totals 3000 units $ 34,500 ======= ======
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