Meaning importance and significance of fund flow statemenr
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Funds Flow Statement is a method by which we study changes in the financial position of a business enterprise between beginning and ending financial statements dates. It is a statement showing sources and uses of funds for a period of time.
The basic purpose of a funds flow statement is to reveal the changes in the working capital on the two balance sheet dates.
It also describes the sources from which additional working capital has been financed and the uses to which working capital has been applied.
The basic purpose of a funds flow statement is to reveal the changes in the working capital on the two balance sheet dates.
It also describes the sources from which additional working capital has been financed and the uses to which working capital has been applied.
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