Question : Cash Flow statement is based on -
Option 1: Accrual basis of accounting
Option 2: Cash basis of accounting
Option 3: Mixed basis of accounting
Option 4: None of these
Correct Answer: Cash basis of accounting
Solution : The cash basis of accounting is the foundation of the cash flow statement. Operating, investing, and financing operations are the three categories of financial activities that make up the cash flow statement, which is a cash basis report.
Hence the Correct answer is option 2.
Question : Cash Flow Statement is based Upon :
Question : Receipts and Payments Account of a non-profit organisation is prepared on the basis of:
Question : Which of the following statements about the statement of cash flow is not correct?
Question : On which basis of accounting, Receipts and Payment account is prepared in case of Non Profit Organisation?
Question : The cash flow statement begins with :
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