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    Business
  3. Study Set
    Accounting for Business
  4. Exam
    Exam 4: The Statement of Cash Flows
  5. Question
    Both the Statement of Profit or Loss and the Statement
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Both the Statement of Profit or Loss and the Statement

Question 17

Question 17

True/False

Both the statement of profit or loss and the statement of cash flows are drawn up on the accruals basis of accounting.

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