Accounting for Small Business Owners by Tycho Press

Author:Tycho Press
Language: eng
Format: epub, azw3, pdf
Publisher: Tycho Press
Published: 2015-01-21T05:00:00+00:00

Table 15. Cash flows statement: cash added (used) by financing activities

Now we total these numbers up and get a cash added by operations of $33,460.

This means that the actual running of the business produced an increase in cash of $33,460 for the month ending December 31.

Cash Added (Used) by Financing Activities

The only item this business has for this section is a decrease in loan principal. In other words, the business made their loan payments, and the interest showed up in interest expense on the income statement. The principal amount of the payment went on the balance sheet. But it did use cash, so we’re subtracting it.

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