8. Discuss the uses and limitations of cash flow statement
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Major Limitations of Cash Flow Statement (6 Limitations)
(a) Fails to Present Net Income
(b) Fails to Assess the Liquidity and Solvency Position
(c) Neither a Substitute of Funds Flow Statement nor Income Statement
(d) Not to Assess Profitability
(e) Does not Conform with the Companies Act
(f) Does not Assess Future Cash Flows
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