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In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.
The Balance Sheet is a statement of assets and liabilities on a particular date and -(21)-the financial position as on that particular date. Similarly, the Income Statement will show only the profit or loss -(22)- out of the productive and commercial activities of the enterprise during that period. However, they fail to throw light on those major financial transactions, which are -(23)-the balance sheet changes. In order to ascertain such major financial transactions or movement of financial resources or funds, a separate statement is prepared by -(24)- the balance sheets of two periods. This statement is -(25)-as Funds Flow Statement or Statement Of Sources and Uses Of Funds.
In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.
The Balance Sheet is a statement of assets and liabilities on a particular date and -(21)-the financial position as on that particular date. Similarly, the Income Statement will show only the profit or loss -(22)- out of the productive and commercial activities of the enterprise during that period. However, they fail to throw light on those major financial transactions, which are -(23)-the balance sheet changes. In order to ascertain such major financial transactions or movement of financial resources or funds, a separate statement is prepared by -(24)- the balance sheets of two periods. This statement is -(25)-as Funds Flow Statement or Statement Of Sources and Uses Of Funds.
In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.
The Balance Sheet is a statement of assets and liabilities on a particular date and -(21)-the financial position as on that particular date. Similarly, the Income Statement will show only the profit or loss -(22)- out of the productive and commercial activities of the enterprise during that period. However, they fail to throw light on those major financial transactions, which are -(23)-the balance sheet changes. In order to ascertain such major financial transactions or movement of financial resources or funds, a separate statement is prepared by -(24)- the balance sheets of two periods. This statement is -(25)-as Funds Flow Statement or Statement Of Sources and Uses Of Funds.
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