Abstract

Cash flow is the oldest form of accounting, predating historic cost by many centuries. It is extremely simple. All cash payments and all cash receipts are recorded in a book (now probably on a computer). The balance at the end of the week or month is the cash amount in hand, or in the bank. When the balance at the beginning of the month is compared with the balance at the end of the month, a cash surplus or a cash deficit for the month appears.

Keywords

Expense Petrol Stake Lawson 

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Copyright information

© Edwin Whiting 1986

Authors and Affiliations

  • Edwin Whiting

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