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When we have financial statements of Profit and loss Account and Balance sheet, what Is the need of Funds Flow Statement, separately |
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Answer» al statements shows the total (gross )CASH generated from all transactions either it is received or not while with the preparation of cash flow statement we NEW that what is the ACTUAL cash generated that we actually received in the account year it not include CREDIT transactions it only include cash transactions which show the net cash generated during the year it shows that how much cash amount we receive physically or PAID physically (either cash or bank) |
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