The report prepared to summarise an entity's cash transactions for the period is the:
A) statement of changes in equity.
B) balance sheet.
C) statement of comprehensive income.
D) cash flow statement.

Question

Quizplus · Accepted Answer

The cash flow statement is specifically prepared to provide information about an entity's cash inflows and outflows during a period, categorised into operating, investing, and financing activities. The other options (A, B, and C) provide information about the entity's financial position, performance, and changes in equity, but do not specifically focus on cash transactions.

The Report Prepared to Summarise an Entity's Cash Transactions for the Period