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CASH FLOW STATEMENTS

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 sources and uses of cash during a period.
Which accounting standard governs Cash Flow Statements in India?
AS-3 (Accounting Standard 3) issued by the Institute of Chartered Accountants of India (ICAI) governs Cash Flow Statements; for companies under Ind AS, Ind AS 7 applies.
Which Indian Accounting Standard specifically deals with Cash Flow Statements?
AS-3 (Accounting Standard 3) deals with Cash Flow Statements.
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