while preparing cash flow statement where would you show cash withdrawn from bank?
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Answer:
cr side
Explanation:
when be any thing withdwan from bank write in cr side because it is goes out .
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While preparing a cash flow statement, cash withdrawn from the bank would be shown as a cash outflow under the cash flow from financing activities section.
- The financial inflows and outflows are related to the financing of the company that are described in this area of the cash flow statement. By taking out or repaying loans, issuing or repurchasing stock and engaging in other financial operations, cash can flow in and out of a business.
- Bank withdrawals are sometimes referred to as financing activities since they decrease the company's cash position and can be utilised to pay commitments or fund operations. On the other hand, cash inflows from financing activities are often categorised as bank deposits or loan disbursements.
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