Which of the following statements are true?
A) cash flow reveals only the inflow of cash
B) cash flow reveals only the outflow of cash
C) cash flow is a substitute for income statement
D) cash flow statement is not a replacement of funds flow statement.
Correct Answer:
Verified
Q6: The most precise test of liquidity is
A)quick
Q7: Quick ratio is 1.8:1, current ratio is
Q8: The purchase value of assets over its
Q9: The basic financial statements include
A)statement of cash
Q10: Cash flow example from a financing activity
Q11: Cash flow example from an investing activity
Q12: Cash flow example from an operating activity
Q13: Which item comes under financial activities in
Q14: As per Accounting Standard-3, Cash Flow is
Q15: Cash Flow Statement is based upon
A)cash basis
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