comment on the following statement, a statement of cash flows is unnecessary because the increase or decrease in cash for the period can easily be seen by looking at the cash account on two successive balance sheets your answer should include any benefits provided by a cash flow statement

Answer rating: 100% (QA)

Cash plays a very important role in the economic life of a business The movement of cash and cash equivalents also has vital importance So there should be a focus on movement of cash and its equivalen... View the full answer