can anyone explain me the meaning of fund in laymans language......and also the uses of fund flow statement and diff between fundflow and cash flow
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fund flow
Replies (1)
CASH FLow is the summary statement shows
-money receipts by the organization
-money payments by the organization
-difference of total receipts > total payments , then cashflow is positive.
-difference of total receipts < total payments, then cashflow is negative.
THE FUNDS FLOW STATEMENT SHOWS HOW THE SOURCES OF FUNDS
EQUAL THE USES OF FUNDS DURING THE PERIOD COVERED
BY THE STATEMENT.
FUNDS OBTAINED FROM
-SALES OF GOODS
-SALES OF PROPERTIES
-SALE OF STOCK
-BORROWINGS
-OTHERS
ARE RELATED TO THEIR USE FOR
-PURCHASE OF FIXED ASSETS
-PAYMENT OF DEBTS
-DISTRIBUTION OF FUNDS
-OTHER PURCHASES
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