Cash flow statement is based on----------
A) Cash basis of accounting
B) Accounting equation
C) Accrual basis of accounting
D) None of these
Correct Answer:
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Q2: Increase in the amount of bills receivable
Q3: Increase in the amount of bills payable
Q4: Which of the following is not an
Q5: Dividend paid under AS- 3 is----------
A)Cash flow
Q6: Cash flows include
A)Cash payments only
B)Cash receipts only
C)Cash
Q8: Proposed dividend is classified as-----------
A)Investing activity
B)Financing activity
C)Operating
Q9: Profit on sale of machinery comes under------------
A)Investing
Q10: Sale of patent is classified under---------
A)Investing activity
B)Financing
Q11: Rent received by a company (whose main
Q12: AS-3 is related to
A)Cash flow statement
B)Funds flow
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