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10 July, 02:53

Explain how cash inflow and outflow affects the components of your financial plan

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  1. 10 July, 02:55
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    The following are the ways in which cash inflow and outflow affect the components of a financial plan : The inflow and outflow would reflect in the data related to tax (income tax, sales tax, etc.) in some or the other manner. More the inflow and outflow more would be the entries in the balance sheet. The inflow would dispense more possible opportunities for investment whereas the outflow would decrease them substantially. The inflow and outflow of cash would both affect insurance planning with every single cash transaction.
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