What is a cash flow statement
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Answer / nagaveni.c
As per accounting standard 3 cash flow statement represent
the changes in cash position b/w the dates of the two
balancesheets. and also its additional information to the
user. and it also exibit flow of incoming and outgoing of
cash. its also one of the tool to measure the liquidity and
also short term debt paying ability of the firm
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Answer / sudhakar
statement that determines that cash expenses and cash
incomes
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A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty
EXPAND_________ULCRA
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42. G.Simkins sends back stock to J.J. Fabrics (a supplier), having originally purchased it on Credit. J.J. fabrics issued a Credit note for the value of these goods. In simkinsā books, the double entry for this transaction should be. a) Debit : J.J. Fabrics; Credit purchases b) Debit : purchases; credit J.J. Fabrics c) Debit : J.J. Fabrics; credit purchase returns d) Debit: purchases returns; credit J.J Fabrics.
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