ABSTRACT
There may also be differences between profitability and liquidity, that is between profit and cash. We shall be looking further at these, both in Section 5 which covers accrual accounting, and in Section 11 which deals with cash flows.
There may also be differences between profitability and liquidity, that is between profit and cash. We shall be looking further at these, both in Section 5 which covers accrual accounting, and in Section 11 which deals with cash flows.