What is the money going out of a business called?
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Explanation:
If customers don't pay at the time of purchase, some of your cash flow is coming from collections of accounts receivable. Cash is going out of your business in the form of payments for expenses, like rent or a mortgage, in monthly loan payments, and in payments for taxes and other accounts payable.
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Cash outgoing – money that is flowing out of the business.
Explanation:
- Outgoing cash flow is any money a business must pay out while conducting a transaction with another party
- Outgoing amounts comprise any payments which a company makes to suppliers, bank loans & creditors, to bank loans, variable expenses such as rent, salaries/wages, taxes, etc.
- Outgoing cash flows can be characterised informally and is captured on a cash flow statement according to the standard accounting procedure.
To know more
How to develop a cash flow for the business - Brainly.in
https://brainly.in/question/15452197
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