Cheques, government bonds , marketable securities, or commercial papers are not considered as cash, though. Any physical form of money that is authorized by the Government and that can be used in an exchange of various services or goods is called as cash.
Cash is commonly termed as a liquid current asset, mainly in businesses, because you can use it to make payment for almost anything. You can purchase goods with the help of money, or else spend it to clear different debts. Paying by cash means less stress and hassle and also minimum bookkeeping efforts. Unlike cash, any form of money, for example, bank balance, accounts receivable , cheques, and even cash, can be termed as funds. Funds are considered to be liabilities.
They are collected from the public and can be invested in a different entity, or else saved as reserves to use it later. Accounting is the recording of the financial transactions of a business or organization in a systematic manner so the owner of the business can know the outcome of the business at the end of year. It also involves the process of summarizing, analyzing, and reporting these transactions in financial statements. These financial statements are critical for the work of bookkeepers at a business or organization.
It is a highly regulated field and accounting must be conducted according to standard accounting principles such as accrual, conservatism, consistency, cost, economy entity, full disclosure, going concern, matching, materiality, monetary unit, reliability, revenue recognition, and time period. I have seen many students under stress due to excessive accounting homework and accounting assignments. As per my knowledge Accounting Homework is the best online accounting homework help provider company.
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We provide help with projects, papers and essays. You are requested to send your problems, homework, assignments or details of it to homeworkhelpindia gmail. Online Registration Click Here. Fund Flow Statement The first two statements measure one aspect of performance of the business over a period of time.
The main components of Working Capital are: Current Assets 1. Cash 2. Receivables 3. Inventory Current Liabilities 1. Payables Net working capital is the total change in the business's working capital, calculated as total change in current assets minus total change in current liabilities.
A Cash Flow Statement comprises information on following 3 activities: 1. Operating Activities 2. Investing Activities 3. Financing Activities 1. Basis of Analysis Funds flow statement is based on broader concept i. Source Funds flow statement tells about the various sources from where the funds generated with various uses to which they are put.
Usage Funds flow statement is more useful in assessing the long-range financial strategy. Schedule of Changes in Working Capital In funds flow statement changes in current assets and current liabilities are shown through the schedule of changes in working capital. End Result Funds flow statement shows the causes of changes in net working capital. Principal of Accounting Funds flow statement is in alignment with the accrual basis of accounting.
Advantages of Cash Flow Statement 1. Disadvantages of Cash Flow Statement 1. Advantages of Fund Flow Statements A Funds flow statement is prepared to show changes in the assets, liabilities and equity between two balance sheet dates, it is also called statement of sources and uses of funds.
Some of these are: 1. Disadvantages of Fund Flow Statements F unds flow statement has many advantages; however it has some disadvantages or limitations also. Phone is Optional.
Deepak Jain. Anish P Mohan. Itz Facilitate Understanding.. Thank You.. Naveen Kumar. Prerak Vaishnav. Very helpful and useful.
Short and Simple with the root level explanation. Bishnu Sarkar. Very palpable to reader. Swapnil Gangele. Good explanation. However, nowadays, fund flow is more commonly used in investing. When looking at the fund flow, investors will be able to determine their reaction with regards to varied asset classes or the market as a whole.
If the fund flow is good, then the investors will have a more positive view of the economy. Difference Between Similar Terms and Objects. MLA 8 Em, Simy. Name required. Email required. Please note: comment moderation is enabled and may delay your comment. There is no need to resubmit your comment. Notify me of followup comments via e-mail. Written by : Simy Em.
User assumes all risk of use, damage, or injury. You agree that we have no liability for any damages. Author Recent Posts. Simy Em. Latest posts by Simy Em see all. Help us improve. Rate this post! Cancel Reply. Key Differences Between Cash and Fund The points given below are noteworthy, so far as the difference between cash and fund is concerned: Cash is a current asset while Fund is a liability which may be current or non-current.
Cash contains currency in physical form only, while fund contains cash, credit, cheque, kind, etc. The fund has a bigger approach than cash.
Cash is liquid while the fund may or may not be liquid. Leave a Reply Cancel reply Your email address will not be published. Money i.
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