📝 One-liners · 65 cards
CASH FLOW STATEMENT
What is a Cash Flow Statement?
A Cash Flow Statement is a financial statement that shows the inflows and outflows of cash and cash equivalents during a specific accounting period, classified under operating, investing, and financing activities.
What is the primary objective of preparing a Cash Flow Statement?
To show actual cash inflows and outflows during a period.
Which accounting standard governs the preparation of Cash Flow Statements in India?
AS 3 (Accounting Standard 3) issued by the Institute of Chartered Accountants of India (ICAI) governs the preparation of Cash Flow Statements in India.
Under which accounting standard is Cash Flow Statement prepared in India?
AS 3 – Cash Flow Statements issued by ICAI.
🔒
Unlock 65 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for CASH FLOW STATEMENT.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days