Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 22 - No. 15)
What is the purpose of the 'Statement of Cash Flows'?
To provide information on the company's profitability.
To show how cash moves into and out of a company.
To report a company's assets and liabilities.
To calculate the owner's equity.
Explanation
The Statement of Cash Flows summarizes the cash inflows and outflows for an accounting period.
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