29 August 2010
PURCHASE OF FIXED ASSET ON LONG TERM DEFERRED PAYMENT BASIS WHETHER IT IS CASH OUTFLOW OR NOT.IF NOT WHY PLEASE EXPLAIN ME WITH EXAMPLE.
30 August 2010
Cash outflow means outgo of cash. In case of deferred payment, cash outgo will happen, when installment will fall due for payment.Installments may spread over say 10 years. That means cash outflow accounting will happen next 10 years.
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