Yes, cash is commonly used in Singapore for daily expenses, but credit cards and digital payment methods are also widely accepted.
No UK citizens do not need a visa to go to Singapore just like Singaporeans do not need a visa to enter UK
Decrease in prepaid expenses increases the cash flow because if there is no prepaid expenses already in balance sheet then cash has to be paid to fulfill expenses but as there are prepaid expenses and company save cash that;s why it increases the cash flow.
10.3
how mush expenses can be paid in cash to a person in a year
you can live comfortably in Singapore for 2-3k sgd per month
Singapore does not provide instant cash/immediate personal loans.
expenses on an accrual basis are greater than expenses on a cash basis
Do you mean that all expenses were PAID in cash? If so, you need to figure out how much cash went out (for the Expenses portion of the income statement) . For the cash outflow amount, you have to create a schedule of the vendors you paid and what goods and services you paid for. Use invoices and receipts and bank statements (for online payments you made). Then categorize the payments by type of expense.
preliminary expenses account debit to cash account (if the amount has been paid in cash)
While preparing cash flow statment using indirect method, non-cash expenses are added back to net income because in net income these expenses were deducted to arrive at net income while there is no cash inflow or outflow from these activities so that's why to arrive cash flow from operating activities these items are added back to arrive at cash flow from operations.
A non-cash item accounting refers to an entry on the cash flow that correlates to the expenses. These expenses are usually essentially just accounting entries rather than the actual movements of cash.
Answer:Non-cash transactions are transaction where no cash is involved. Signing a lease contract, granting options, accrued expenses (expenses are incurred, while actual cash payment is later) are examples of non-cash transactions.