The purpose of the _____________, fill in the blank, statement is to let the business owner know if there will be enough cash to cover the business's projected expenses.

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17-01-2022
Business

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The purpose of the _____________, fill in the blank, statement is to let the business owner know if there will be enough cash to cover the business's projected expenses.

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Martebi Martebi · Answer 1 · 2022-01-20T10:14:58+01:00

People often do business. The purpose of the Cash flow statement is to let the business owner know if there will be enough cash to cover the business's projected expenses.

What is the purpose of cash flow statement?

The purpose of a cash flow statement is aimed at giving a good picture of what takes place to a business's cash in a particular period such as the accounting period.

It is known to show how an organization's strength to handle in the short and long term, using the amount of cash that is flowing into and out of the business.

Learn more about Cash flow from

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