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Fund flow statements

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(Querist)
20 August 2014 purchase of stock in trade is an application of funds . True or Flase .. .? But give your suitable reasons .
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CA Kedar Sakhardande

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CA Kedar Sakhardande (Expert)
20 August 2014 it is true

Fund includes not only cash / bank but also other current assets
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Rupesh Jain

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Rupesh Jain (Expert)
21 August 2014 true its application of funds.
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