Abstract
Cash flow is the oldest form of accounting, predating historic cost by many centuries. It is extremely simple. All cash payments and all cash receipts are recorded in a book (now probably on a computer). The balance at the end of the week or month is the cash amount in hand, or in the bank. When the balance at the beginning of the month is compared with the balance at the end of the month, a cash surplus or a cash deficit for the month appears.
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© 1986 Edwin Whiting
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Whiting, E. (1986). Cash flow. In: A Guide to Business Performance Measurements. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-07472-3_15
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DOI: https://doi.org/10.1007/978-1-349-07472-3_15
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-07474-7
Online ISBN: 978-1-349-07472-3
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