We made a profit of $66000, so why is there only $6000 in the bank?, exclaimed Mr
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‘We made a profit of $66000, so why is there only $6000 in the bank?’, exclaimed Mr Beattie, the owner of the local fish takeaway store. Explain to Mr Beattie the relationship between profit and cash flow, to help him understand the reason why there is such a big difference between profit and cash in the bank.
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Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730363415
6th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver
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