Question : Cash flow statement is prepared for financial planning of -
Option 1: Long range
Option 2: Medium range
Option 3: Short range
Option 4: Very long range
Correct Answer: Short range
Solution : Making a cash forecast is typically beneficial for facilitating short-term planning. The cash flow statement lets you keep track of incoming and departing cash by displaying the source of that money. An organization's operational, investment, and financial operations all generate cash flow.
Hence the correct answer is option 3.
Question : Which of the following statements about the statement of cash flow is not correct?
Question : Questions : Business Finance and Its Meaning
Statement 1: Financial planning is crucial for effective utilization of financial resources.
Statement 2: Financial planning only considers short-term objectives.
Question : The cash flow statement begins with :
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile