In the following situations, when there will be a flow of fund for the purpose of Fund Flow Statement ?

CS Executive · Corporate and Management Accounting · PYQS · December 2022
In the following situations, when there will be a flow of fund for the purpose of Fund Flow Statement ?
(A) If both the accounts involved are current accounts
(B) If both the account involved are non-current accounts
(C) If one account involved is a current account and other one is a non-current account
(D) All of the above

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Financial Statements Analysis

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