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Answer Posted / umesh
It is a financial statement that shows you from where the
firm got funds and what did the firm do with those
funds-technically termed as sources and application of
funds. It is alternatively named as statement of sources and
application of funds statement of inflow and outflow of
funds,where got where gone statement and so on.It is
prepared to show the changes in firm's financial position
between two balance sheet dates.Therefore balance sheet of
two consecutive years in taken to analyze the change.
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