Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 2 - No. 5)
What is the primary purpose of the statement of cash flows?
To report a company's financial performance over a period.
To show a company's financial position at a point in time.
To track the movement of cash in and out of a company.
To determine the value of a company's assets.
Explanation
The statement of cash flows tracks the cash inflows and outflows.
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