Accountancy, asked by morebhartiii, 5 months ago

1. Why do we need the cash flow statement
besides the statement of profit and loss
and balance sheet?​

Answers

Answered by piyushsharm31
0

hii mate

The financial statements are used by investors, market analysts, and creditors to evaluate a company's financial health and earnings potential. While the balance sheet shows what a company owns and owes, the cash flow statement records the cash activities for the period.

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