Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 46 - No. 8)
Which of the following describes the purpose of the Statement of Cash Flows?
To report a company's financial position.
To report a company's financial performance.
To show how cash entered and left the business during a period.
To track changes in owner's equity.
Explanation
The Statement of Cash Flows tracks cash inflows and outflows.
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