The last step in the accounting record-keeping process is preparing the statement of cash flows from balance sheet amounts and from details of transactions affecting the cash account.

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The statement of cash flows is the last financial statement prepared in the accounting record-keeping process, and it is prepared using information from the balance sheet and details of cash transactions. This statement summarizes the inflows and outflows of cash during a specific period, and it provides important information about how an organization's cash balances have changed over time.

The Last Step in the Accounting Record-Keeping Process Is Preparing