The primary objective of cash flow statement is to help management in taking a decision and making a plan by providing current information of cash inflow and outflow of any accounting period.
In accounting, cash includes coins; currency; deposited negotiable instruments such as checks, bank drafts and money orders; amounts in checking and savings accounts and demand certificates of deposit.
Three types of discount are trade discount, quantity discount, and cash discount that are used in business, trade, and sales of all kinds.
The Cash Book is defined as the book in which a person writes or enters the sums of money received and paid by him.