Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 49 - No. 1)
What is the primary purpose of the 'statement of cash flows'?
To show a company's profit or loss.
To track the movement of cash into and out of the business.
To list all the assets and liabilities.
To explain the changes in owner's equity.
Explanation
The statement of cash flows tracks the cash inflows and outflows of a business.
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