![]() ![]() ![]() Revenue statements provide provide essential information about the operating activities of a concern, and balance sheets show the financial position of a firm. ![]() We have read about two very important financial statements: first, revenue statement and second, balance sheet. ![]() Sometimes it has been observed that in spite of adequate profit in business, they are unable to meet their taxes and dividends, just because of shortage of cash flow. Thus, cash plays a very vital role to run a business successfully. It is very important for a business to keep adequate cash in hand to meet day-to-day expenditures and to invest as and when required in business.
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