what is the difference between cash flow and profit and
loss account?
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Answer Posted / shaik mohammed
Cash flow statement show only the cash items that an
organisation incurrs during the business periond and non
cash expenses like depriciation, bad debts, provision for
bad etc. dont have place in cash flow.
Where as profit and loss account considers both cash as wel
as non cash expenses.
| Is This Answer Correct ? | 17 Yes | 8 No |
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