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2 Fund flow statement also suffers from window dressing of accounts and hence fails to give true view of fund movement Do you agree with this criticism Give your views?
TeenaVermagp1508
Its about the limitation of fund flow statemants .....
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∙ 10y ago
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What are the accounting documents?
Accounting documents are documents that track the movement of cost and money in an organization. Budgets, balance sheets and the income statement are all accounting documents.
Why bad debts written off considered as non cash adjust in the cash flow statement?
The cash flow statement as the name suggest only recognizes transactions that involve the movement of cash. eg. cash/cheque receipts, paymentsBad debts written off does not involve any movement of cash. You neigther receive cash nor pay cash... therefore, it is an non-cash adjustmentHope this helps!
What are the accounting journal entries to record inventory movements?
Increase Inventory - Purchase Dr - InventoryCr - Accounts Payable or CashIncrease Inventory - Manufacturing Completion Dr - Inventory (Finished Goods)Cr - Work in Process or Raw Materials Movement in Manufacturing - Beginning Production Dr - Inventory - Work In ProcessCr - Inventory - Raw Materials Sale of Inventory Dr - Accounts Receivable or CashCr - Inventory - Finished Goods
How does revaluation of inventory affects the cashflow statement?
Revaluation of inventory has no net effect on the cashflow statement as there has been no movement in cash. If the value of inventory is increased, the debit entry to inventory revaluation is negated by the credit entry to the revaluation reserve / shareholders' funds. If the value of inventory is decreased (more common), the credit entry to inventory writedown is negated by the debit entry as an expense or cost of sales item through the "statement of financial position" to retained earnings / shareholders' funds. Treatment and disclosure of course would vary depending on the materiality, timing, accounting standards applicable to the jurisdiction and legislative / regulatory requirements with which the entity is obliged to comply.
What do you gain by learning accounting?
When you learn Accounting you begin to understand the way money flows through the world. It seems like a big statement, but as you see the movement through a company you see that the country moves money in the same way. Learning accounting systems, best practices and cycles makes it easier for you to manage your own money as well.
What is de-constructed?
A philosophical movement and theory of literary criticism.
What statement least characterizes the abolitionist movement?
The statement that least characterizes the abolitionist movement is that it accepted the continuation of slavery under certain circumstances. Abolitionists fought for the complete and immediate end of slavery, advocating for the freedom and equal rights of all enslaved individuals.
What was Catholic modernism?
a movement of modern biblical criticism within the church
What statement describes the movement of crust in a normal fault?
Movement is mostly in a vertical direction
Which type of thermal energy accounts for the movement of clouds?
convection
What statement declares the ideology of the Progressive Movement?
A statement that declares the ideology of the progressive movement can be very simple. The progressive movement is people who believe in change, reform, and progress in regards to who has control over the government.
Which statement least describes the abolitionist movement in America?
Abolitionists were a majority of most Americans in the antebellum years.The above statement "least" describes the abolitionist movement.
Who popularized the American New criticism movement?
The American New Criticism movement was popularized by literary critics such as Cleanth Brooks, Robert Penn Warren, John Crowe Ransom, and W. K. Wimsatt in the mid-20th century. Their influential essays and works helped establish New Criticism as a dominant way of analyzing and interpreting literature in academia.
Which of these is a correct statement about incendiary grenades?
which of these is a true statement about projectiles
Which statement least characterizes the Abolitionist Movement in America?
The Abolitionist Movement was supported by a large majority of Americans.
Which statement is most accurate about the movement for independent in the 13coloines?
the independance movement began soon after the founding of the plymouth colony
A criticism of Upton Sinclair's book The Jungle resulted in reformers being nicknamed the?
progressive movement
