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    Question

    Which of the following pair is wrongly

    matched?
    A Financial Statements: Final Accounts Correct Answer Incorrect Answer
    B Trading and Profit & Loss Account: Income Statement Correct Answer Incorrect Answer
    C Balance Sheet: Position Statement Correct Answer Incorrect Answer
    D Funds Flow Statement: Cash Flow Statement Correct Answer Incorrect Answer

    Solution

    These statements serve different purposes. The Funds Flow Statement analyzes changes in financial position, while the Cash Flow Statement focuses specifically on cash movements during a period.

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