A comprehensive method that reverses or adjusts the non-cash movements of each statement of financial position account in a spreadsheet is known as the:
A) cash records approach.
B) cash book approach.
C) reconstruction of accounts approach.
D) statement of financial position approach.

Question

Quizplus · Accepted Answer

The statement of financial position approach involves reversing or adjusting the non-cash movements of each statement of financial position account in a spreadsheet to determine the cash flow.

A Comprehensive Method That Reverses or Adjusts the Non-Cash Movements