Accounting for IGCSE & O level - Accounting Procedures (Section 27 - No. 33)
What is the purpose of the statement of cash flows?
To show a company's revenues and expenses over a period.
To summarize the changes in a company's equity.
To report a company's sources and uses of cash during a period.
To present a company's assets, liabilities, and equity at a point in time.
Explanation
The statement of cash flow focuses on the movement of cash.
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