Tag: finance

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Multiple choice accountancy statement of changes in financial position preparation of cash flow statement cash flow statement finance

Which of the following is not the limitation of cash flow statement?

  1. Non-cash Trasactions are not reported.

  2. Not a substitute for Income Statement.

  3. Not a sustitute for Balance sheet.

  4. Comparative study.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Comparative study is an analytical tool used to interpret financial statements; it is not a limitation of the cash flow statement itself.