Don’t get cash and accrual accounting mixed up.
The company may have received all or most of the cash for the pellets during the quarter (hence higher bank balance and lower debtors) but not disbursed all the costs, which would be reflected in higher creditors.
There is no conspiracy or dodgy accounting. But IMO Grange should provide a proper cash flow report.
Don’t get cash and accrual accounting mixed up.The company may...
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