The advantages of the cash flow over the profit and loss account1- The profit and loss account sets out the revenue and expense rather than the cash receipts and cash payments for the period.2- When...
Well first of all cash flow/ cash gifting is illegal because once you go an pay you are getting money from a source that no one really knows. You can be getting it from drugs, printing, or just...
This is what I found on this website:
http://facultyfp.salisbury.edu/jjderidder/ebhs/
Accountants were aware that the balance sheet, income and retained earnings statement did not provide statement...