Question : Cash Flow Statement is based Upon :
Option 1: Accrual basis of accounting
Option 2: Cash basis of accounting
Option 3: Accounting equation
Option 4: None of the above
Correct Answer: Cash basis of accounting
Solution : Since the cash flow statement primarily depicts the movement of cash, it is based on the cash basis of accounting.
Hence the correct answer is option 2.
Question : Cash Flow statement is based on -
Question : Which of the following statements about the statement of cash flow is not correct?
Question : The cash flow statement begins with :
Question : Limitations of Cash-Flow Statement is
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