Question : Cash deposited into Bank; would result in inflow/outflow/no flow of Cash and Cash Equivalents:
Option 1: Inflow
Option 2: Outflow
Option 3: No flow
Option 4: None of the above
Answer (1)
21st Jan, 2024
Correct Answer: No flow
Solution : Answer = No flow.
Cash deposited into a bank would result in no flow of cash and cash equivalents. This is because cash deposited into a bank does not represent a change in the overall cash position of the entity; it merely involves transferring existing cash from one form to another.
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