Statement 1: All entities that prepare financial statements in conformity with PFRSs are required to present a statement of cash flows. Statement 2: It is much easier to make clerical errors in a...

Statement 1:
All entities that prepare financial statements in conformity with PFRSs are required to present a statement of cash flows.

Statement 2:
It is much easier to make clerical errors in a single entry system, as opposed to the double entry system, where the debit and credit totals for separate entries to different accounts must match.

Statement 3:It is generally possible for a trained accountant to reconstruct a double entry-based set of accounts from single entry accounting records, though the time required may be substantial.

Which of the statements above are correct?