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-   -   Cash flow statements formula confirmation (https://www.askmehelpdesk.com/showthread.php?t=651192)

  • Apr 15, 2012, 11:51 AM
    Peggy75
    cash flow statements formula confirmation
    Hello,
    I have used the formula:
    Receipts from customers = opening acc receivable + sales - closing acc receivable
    I have used it to determine a question about working out cash receipts from customers. I have a balance sheet from 2006 (closing balance) and 2005 (opening balance) and an income statement.
    Is this the correct formula for determining such things?
    Thanks a lot.
    Peggy
  • Apr 15, 2012, 01:01 PM
    Peggy75
    Never mind! I have worked it out from the textbook. Who knew?
  • Apr 15, 2012, 04:22 PM
    paraclete
    When all else fails consult the text

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