Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 48 - No. 42)
What is the function of the statement of cash flows?
To summarize the assets, liabilities, and equity of a company.
To present the revenues and expenses of a company over a period.
To show the movement of cash into and out of a company.
To show the owner's contribution in a company.
Explanation
The statement of cash flows tracks the cash inflows and outflows of a company over a specific period.
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