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.
3 types of discount are trade discount, quantity discount, and cash discount that are used in business, trade, and sales of all kinds.
Cash Book contains cash transactions passing into and out of a business. 2 types of Cash Book are (1) general cash book and (2) petty cash book. General cash book is subdivided in the single column, double column, and treble column cash book.