Many small business owners focus on the cash balance in their bank accounts and may not use the statement of cash flows to analyze how their businesses are generating or using cash. Discuss what one piece of information is found on the statement of cashflows that is just as important as the bank balance (or more so) for the purpose of understanding the financial position of accompany.

Answer rating: 100% (QA)

Bank book and Cashflow Statement All the cash transactions wheather it is a cash receipt or a cash payment are recorded in the bank book The balance of the bank book should be debit otherwise it can b... View the full answer