Definitions Chapter 5 Flashcards
1
Q
Direct method
A
An approach to deducting the cash flows from operating activities, in a statement of cash flows, by analysing the business’s cash records
2
Q
Indirect method
A
An approach to deducting the cash flows from operating activities, in a statement of cash flows, by analysing the business’s other financial statements
3
Q
Working capital
A
Current assets less current liabilities
