Question: 2. Justify the need for making 'Statement of Changes in Financial Position' (SCFP) a required statement in addition to Balance Sheet and Income Statement. Give

2. Justify the need for making 'Statement of Changes in Financial Position'

(SCFP) a required statement in addition to Balance Sheet and Income Statement. Give the format of a SCFP which fully explains the different types of activities undertaken by a business enterprise during an account period.

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