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Questions
State the objective of preparing a ‘Cash flow statement.’
State any two objectives of preparing a cash flow statement.
Short Answer
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Solution
The main objectives of preparing a cash flow statement are as follows:
- Measuring inflows of cash and outflows of cash annually arising from operating activities, investing activities, and financial activities.
- It helps the management to prepare its cash planning for the future.
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Chapter 13: Cash Flow Statement - SHORT ANSWER QUESTIONS [Page 13.103]
