Post Utme Futo 2024 Accounting Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Futo Accounting examination.

Post Utme Futo 2024 Accounting Objective / Multiple Choice

Question 28 POST_UTME_FUTO • 2024 • ACCOUNTING • objective

A government agency is required to prepare a statement of cash flows. What is the primary purpose of this statement?

Correct Answer A. To show the inflows and outflows of cash and cash equivalents

B. To show the changes in the agency's financial position

C. To show the agency's profitability

D. To show the agency's liquidity position

Correct Answer

Correct Option:

To show the inflows and outflows of cash and cash equivalents

This is Post Utme Futo 2024 Accounting Question 28. It is one of the objective questions from the 2024 Post Utme Futo Accounting examination.

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