What is a fund flow statement? discuss the uses and preparation of fund flow statements?
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A Book-keeper failed to balance his trial.balance, the credit side exceedingthe debit side by Rs. 175. This amount was entered in a Suspense Account. Later on theunder mentioned errors were discovered :-1. Goods amounting to Rs. 620 sold to D & Co. were correctly entered in theSales book, but posted to the Company's A/c as Rs. 260.2. A credit balance of Rs. 755 of Rent Received account was shown as Rs. 570.3. The total of Returns Outwards Book amounting to Rs. 200 was not posted tothe Ledger.4
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