Answer and Explanation:
The three differences between the bookkeeping and accounting is as follows:
1. The preparation of the financial statements would not be part of this but it should be the part of the accounting
2. The bookkeeping does not required any kind of skill set but in the accounting it require skill set to perform the calculations
3. Bookkeeping does not do any kind of analysis but the accounting perform the analyses, it use the bookkeeping information so that it would help to interpret the data.
The cash flow statement plays a vital role for each type of company as it shows the cash positions with respect to the liquidity because the cash should be the most liquid asset and the same would be presented in the organization's hands.
Moreover, they always try to have a sufficient cash amount so that the risk attached to the unfavorable economic situation could be eliminated. So the business wants to store a high value of cash amount and have sufficient liquidity and the same would be presented in the cash flow statement.
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Hey there!
Cooperation ~ you have to get along with a lot of people in a job, and learn to work together with them
Dependability ~ you will need to be dependent, you won't always want someone holding your hand, you will have to figure things out yourself eventually
Determination ~ You will want to be determined to achieve high potential in your job, and you will be more successful
Tolerance ~ you may have to tolerate certain issues in jobs, and certain conditions
Positivity ~ You will want to be positive and enjoy what you are doing in order to do better. A lot of people say that if you enjoy your job, you will never actually "work" a day in your lives, since you enjoy it.
Hope this helps! Good luck and have a great day!
In economics, a factor of production, resource, or input is what is used in a production process to produce products, i.e. goods or services.
The amounts of various inputs used determine the amount of output according to a relationship known as the production function. The relationship between the inputs a firm uses and the maximum output it can produce with those inputs is called the firm's production function. Factors of production are outputs or inputs used to produce goods and services. They are the resources a business needs to make a profit by producing goods and services. Factors of production fall into four categories: Land, Labor, Capital, Entrepreneurship.
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