A cash flow statement is based upon while fund flow statement recognises

CS Executive · Cost and Management Accounting · PYQS · December 2016

A cash flow statement is based upon ______ while fund flow statement recognises ______

(A) Cash basis of accounting; accrual basis of accounting

(B) Accrual basis of accounting; conventional basis of accounting

(C) Mercantile basis of accounting; cash basis of accounting

(D) Cash basis of accounting; cash basis of accounting.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Financial Management