Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 43 - No. 12)
What is the purpose of the statement of cash flows?
To show a company's profitability.
To show a company's financial position at a point in time.
To report the sources and uses of cash for a specific period.
To show the changes in retained earnings.
Explanation
The statement of cash flows explains the movement of cash in and out of the company.
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