Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 11 - No. 15)
Which of the following best describes the purpose of the statement of cash flows?
To show the profitability of a company over a period.
To show the financial position of a company at a specific point in time.
To summarize the cash inflows and outflows of a company over a period.
To report changes in owner's equity.
Explanation
The statement of cash flows provides a summary of the cash activities.
Comments (0)
