Im trying to prepare a Cash Flow Statement and one of the items is a insurance expense of $200.
In the balance sheet the opening balance for pre paid insurance is $250 and closing balance is $50. That fully means theres no cash flow am I correct?
And so where does this item go anyway? Reconciliation of profit to cash flow?
Regards
In the balance sheet the opening balance for pre paid insurance is $250 and closing balance is $50. That fully means theres no cash flow am I correct?
And so where does this item go anyway? Reconciliation of profit to cash flow?
Regards