Personal Finance Tax Update
Personal Finance Tax Update
13th Edition
ISBN: 9780357438947
Author: E. Thomas Garman; Raymond Forgue
Publisher: Cengage Learning US
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Chapter 3.5, Problem 4CC
Summary Introduction

To Explain: Cash flow calendar accomplishes and techniques to control spending.

Concept Introduction: The cash flow statement is a statement that records all the inflow of cash and outflow of cash. The cash flow statement also helps to identify the liquidity of the person. Net inflow is added or reduced from the opening cash balance to calculate closing cash balance.

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