State any two advantages of preparing Cash Flow Statement. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Useful in preparing the Cash Budget.(ii) It explains deviations of Cash form earnings. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostGive any two objectives of Cash Flow Statements. (C.B.S.E. Sample Paper, 2019) Next PostGive one limitation of Cash How Statement. You Might Also Like What is Trade Payables Turnover Ratio? October 3, 2022 On the admission of Rao, goodwill of Murty and Shah is valued at Rs. 30,000. Rao is to get 1/4th share of profits. Previously Murty and Shah shared profits in the ratio of 3 : 2. Rao is unable to bring amount of goodwill. Give Journal entries in the books of Murty and Shah when: (a) there is no Goodwill Account and (b) Goodwill appears in the books at Rs. 10,000. August 1, 2022 X Ltd. has a Current Ratio of 3.5: 1 and Quick Ratio of 2: 1. If the Inventories is Rs. 24,000; calculate total Current Liabilities and Current Assets. August 12, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.