Home › CBSE Class 12 (Commerce) › Accountancy › Financial Statements of a Company › Which statement tracks the movement of funds and…
Which statement tracks the movement of funds and changes in financial position?
ATrial balance
BCash flow statement
CJournal proper
DProfit forecast
Answer & Solution
Correct answer: B. Cash flow statement
The cash flow statement is prepared to show how funds moved and how the financial position changed.
Related questions
Labour unions use financial statements when negotiatingAnother name for the balance sheet is the statement ofMD&A in an annual report gives a narrative from the view ofInternational Financial Reporting Standards are developed by theGAAP stands forConsolidated statements present a parent and its subsidiaries asMoney received for services not yet provided is recorded asApple trees grown to produce apples are an example of