71. Assertion (A): Cash flow statement is based on a narrow concept than fund flow statement. Reason (R): Fund flow statement contains, as a part of it, schedule of changes in working capital which is not finding a place

CS Executive · Cost and Management Accounting · PYQS · June 2021
71. Assertion (A): Cash flow statement is based on a narrow concept than fund flow statement. Reason (R): Fund flow statement contains, as a part of it, schedule of changes in working capital which is not finding a place in cash flow statement.
(A) (A) is true but (R) is false
(B) (A) is false but (R) is true
(C) Both (A) and (R) are true and (R) is the correct explanation of (A)
(D) Both (A) and (R) are true and (R) is not the correct explanation of (A)

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Cash Flow Statement

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