Can someone pls explain about this genearl rules … I am not able to understand this … What is the meaning of use and source … And how it is applicable ? Pls explain it would be a great help 🙏🙏
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Source means generation of cash or its equivalent(which means paisa na jana, aane ke barabar hai) and use means we are using the cash generated from source or its equivalent(which means paisa na aana, jaane ke barabar hai)
Example of source is Increase in trade payables i.e., we are not paying the trade payables early and using the trade credit allowed and example of use is increase in trade receivables i.e., debtors are not paying us on early or delaying payment.
Source is equivalent to increase in cash (+ve in CFS) and use is equivalent to decrease in cash (-ve in CFS)
Hope this helps!
I am not able to understand … Pls explain again with good example pls 🙏