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Accountants are challenged while preparing the cash flow statement. This is due to the various adjustments which include depreciation expenses, unrealized profit or loss on the investment and all other kind of expenses.
Thus spreadsheet matrix tool is used by the accountants in order to effectively perform as double entry accounting system where as single entry is required to be recorded for the adjusting item as each separate entry needs to adjust the column of balance sheet and statement of the cash flow. In order to prepare the cash flow statement we have to determine the...