Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 11 - No. 19)
What is the purpose of a cash flow statement?
To report the financial performance of a company.
To summarize the changes in a company's cash position over a period.
To present a company's assets, liabilities, and equity at a point in time.
To show the profitability of a company.
Explanation
A cash flow statement reports the cash inflows and outflows of a company over a specific period.
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