Please answer clearly and thoroughly.1) What is the purpose of the Statement of Cash Flows? How can I tell if an account goes on this statement?2) Are the accounts DR or CR and Real or Nominal3) FINALLY last quesiton! Is there an order in which the Financial Statemens are made. For example does the Income Statment have to be made before the RE Statement and so on. If there is an order what is it?
Please answer clearly and thoroughly.1) What is the purpose of the Statement of Cash Flows? How can I tell if an account goes on this statement?2) Are the accounts DR or CR and Real or Nominal3) FINALLY last quesiton! Is there an order in which the Financial Statemens are made. For example does the Income Statment have to be made before the RE Statement and so on. If there is an order what is it?
Please answer clearly and thoroughly.1) What is the purpose of the Statement of Cash Flows? How can I tell if an account goes on this statement?2) Are the accounts DR or CR and Real or Nominal3) FINALLY last quesiton! Is there an order in which the Financial Statemens are made. For example does the Income Statment have to be made before the RE Statement and so on. If there is an order what is it?
Please answer clearly and thoroughly. 1) What is the purpose of the Statement of Cash Flows? How can I tell if an account goes on this statement? 2) Are the accounts DR or CR and Real or Nominal 3) FINALLY last quesiton! Is there an order in which the Financial Statemens are made. For example does the Income Statment have to be made before the RE Statement and so on. If there is an order what is it?
Definition Definition Net amount of cash that an entity receives and expends over the course of a given period. For a business to continue operating, positive cash flows are required, and they are also necessary to produce value for investors. Investors in particular prefer to see growing cash flows even after capital expenditures have been paid for (which is known as free cash flow).
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