statement of sources and application of funds
This query is : Resolved
24 March 2017
why is increase in working capital considered as application of funds?
25 March 2017
can someone please solve my query?
24 October 2021
An increase in net capital balance during account period denotes the deployment of more funds by the amount of the increase, hence it is considered a use of funds.
On the other hand, a decrease in net working capital balance denotes the availability of funds with the business; hence it is a source of funds.
On the other hand, a decrease in net working capital balance denotes the availability of funds with the business; hence it is a source of funds.
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