Question : Cash flow statement is prepared for financial planning of -
Option 1: Long range
Option 2: Medium range
Option 3: Short range
Option 4: Very long range
Answer (1)
23rd Jan, 2024
Correct Answer: Short range
Solution : Making a cash forecast is typically beneficial for facilitating short-term planning. The cash flow statement lets you keep track of incoming and departing cash by displaying the source of that money. An organization's operational, investment, and financial operations all generate cash flow.
Hence the correct answer is option 3.
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