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SayPro A cash flow statement indicates the payment and receipts of any business Even a small error in any single entry can result in a major blunder in the companys accounts and turnover Earning profit is one of the most important goals of any company if not the only And unless the exact profit is highlighted in the book of accounts the business would never head in the desired direction The significance of a cash flow statement can be understood from the fact that it is one of the four statements required by the GAAP All finance students are expected to master this subject during their graduation and post-graduation levels Apart from the practical application of this subject it also holds great significance for a student pursuing a career in accounts
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