Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 20 - No. 1)
What is the main purpose of the Statement of Cash Flows?
To show the profitability of a company.
To summarize cash inflows and outflows.
To show the assets, liabilities, and equity.
To report on the performance of a company.
Explanation
The Statement of Cash Flows tracks the cash inflows and outflows.
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