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Questions
Answer the following question:
State any one objective of preparing Cash Flow Statement.
State the primary objective of preparing cash flow statement.
One Line Answer
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Solution 1
The foremost objective to prepare Cash Flow Statement is to ascertain gross inflows and outflows of cash and cash equivalents from various activities of a business.
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Solution 2
The primary objective of the cash flow statement is to provide useful information about cash flows (inflows and outflows) of an enterprise during a particular period under various heads, i.e., operating activities, investing activities, and financing activities.
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