Question

Which of the following provides a summary of money coming into and going out of the firm?

a) Income statement
b) Balance sheet
c) Cash flow statement
d) Trial balance

Answer 1

The cash flow statement provides a summary of money coming into and going out of the firm.

Step-by-step explanation:

The cash flow statement provides a summary of money coming into and going out of the firm. It shows the cash inflows and outflows from operating activities, investing activities, and financing activities. This statement helps to analyze the liquidity and financial health of a company by showing how the company generates and uses its cash.