There are sometimes disputes about the figures in the Profit and Loss Account and Balance Sheet.
This is one reason why cash is so important.
Cash is much more a matter of fact rather than of opinion.
It is either there or it is not there.
Whether the cash came from (banks, shareholders, customers) is also a matter of fact.
So too is where the cash went to (dividends, wages, suppliers, etc.).
The Cash Flow Statement gives all this information.
This is one reason why cash is so important.
Cash is much more a matter of fact rather than of opinion.
It is either there or it is not there.
Whether the cash came from (banks, shareholders, customers) is also a matter of fact.
So too is where the cash went to (dividends, wages, suppliers, etc.).
The Cash Flow Statement gives all this information.
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