GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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For the purpose of analysing change in financial position, enterprises prepare
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Balance Sheet and Profit & Loss A/ c
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Cash flow statement and Funds flow statement
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Statement of cash from operations and Balance Sheet
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Statement of changes in working capital and Statement of cash from operations.
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Explanation:
Detailed explanation-1: -The Statement of Changes in Financial Position is often referred to as the Cash Flow statement. It provides information about the operating, financing, and investing activities of the company and the effects of those activities on the cash position of the company.
Detailed explanation-2: -Explanation: A statement of changes in financial position is a statement that outlines the causes of a change in the financial position of a company during an accounting period.
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