Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 6 - No. 9)
What is the purpose of the statement of cash flows?
To report a company's revenues and expenses
To report a company's financial position at a point in time
To show 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 shows the inflows and outflows of cash for a company during a period.
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