What is meant by outflow of cash while preparing cash flow statement
Dear Student,
Outflow of cash refers to payment of Cash or flow of cash to any party which may be for payment to vendor, re-payment of any loan etc;
In short when cash either through cash or through Bank is paid or moved out of business may be for core business purpose or investment/finance purpose it is termed as outflow of Cash;
Regards,
Outflow of cash refers to payment of Cash or flow of cash to any party which may be for payment to vendor, re-payment of any loan etc;
In short when cash either through cash or through Bank is paid or moved out of business may be for core business purpose or investment/finance purpose it is termed as outflow of Cash;
Regards,