The term current account refers to….

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Analysis of Financial Statements Practice Test: Fund Flow Statement — practice the complete quiz, review flashcards, or try a random question.

A funds flow statement explains the changes in a business's working capital. It considers the inflows and outflow of funds (source of funds and application of funds) for a particular period. The funds flow statement helps in analysing the changes in a business's financial position between two balance sheet periods.


The term current account refers to….