Both cash flow statement and fund flow statement are: (A) Prepared on cash basis (B) Prepared on the basis of working capital (C) Useful for long-term analysis (D) None of the above
CS Executive · Cost and Management Accounting · PYQS · December 2017
Both cash flow statement and fund flow statement are: (A) Prepared on cash basis (B) Prepared on the basis of working capital (C) Useful for long-term analysis (D) None of the above
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Cash Flow Statement
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