Question

What is the meaning of Cash Flows?

a.

Inflows and outflows of goods and services

b.

Inflows and outflows of cash and cash equivalents

c.

Profit and loss of a business

d.

Changes in market demand

Posted under IC 89 Management Accounting

Answer: (b).Inflows and outflows of cash and cash equivalents Explanation:Cash Flows refer to inflows and outflows of cash and cash equivalents, representing the movement of cash into and out of the organization.

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