From Longman Business Dictionarysource and application of funds statementˌsource and appliˌcation of ˈfunds ˌstatement British English, sources and applications of funds statement American EnglishACCOUNTINGFINANCE a particular form of the FUNDS FLOW STATEMENTAs the source and application of funds statement reveals, an increase of £162,000 in the company’s cash balances was only made possible by a loan of £350,000. → statement
