Question : Cash-flow statement is prepared for a______________.
Option 1: Past period
Option 2: Future period
Option 3: Both 1 and 2
Option 4: None of the above
Answer (1)
25th Jan, 2024
Correct Answer: Future period
Solution : Answer = Future period
The cash flow statement is prepared for a future period. It provides insight into the expected cash inflows and outflows of a company over a specified future period, aiding in financial planning and decision-making.
Hence, the correct option is 2.
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