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Answer to Question #63377 in Accounting for Sam

Question #63377
how balances are transferred into and out of the budgeted statement of cash flows to explain the statement and how the closing cash is calculated?
Expert's answer
According to Cash-Flow statement the closing balance is the balance at the last day of some month. Then the closing balance becomes the opening balance at the first day of the next month. So, we have such a formula of calculation of the closing balance:
Closing Balance = Opening Balance add Total of Income less Total of Expenditure.

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