Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the importance of the cash flow statement?

April 26, 2017Cash flow importance

0

Posted

What is the importance of the cash flow statement?

1 Answer

0

Posted

The statement of cash flows is a summary of the major cash receipts and cash payments for a period. This is important to a business to help them know where cash is going out to and where it is coming from and the amounts. This gives a more detailed account of cash in a company.