Get premium membership and access questions with answers, video lessons as well as revision papers.

Components of a cash flow statement

      

Components of a cash flow statement

  

Answers


Faith
Cash flow statement summaries the cashbook, by reconciling the opening and closing balance of the cash and cash equivalents. Cash equivalents refer to liquid assets which can easily be transferred into cash and include;
(i) Cash
(ii) Demanded deposits in banks
(iii) Short term investments
(iv) Bank overdraft
Titany answered the question on December 14, 2021 at 08:25


Next: In a company, an agency problem may exist between management and shareholders on one hand and the debt holders (creditors and lenders) on the other...
Previous: Clean Wash Ltd. manufactures and markets automatic washing machines. Among the hundreds of components which it purchases each year from external suppliers for assembling into...

View More Fundamentals of Accounting II Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions