If provision for taxation is treated as a current liability, then payment of tax is —

CS Executive · Cost and Management Accounting · PYQS · June 2016
If provision for taxation is treated as a current liability, then payment of tax is —
(A) An application of funds
(B) A source of funds
(C) No flow of funds
(D) None of the above.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Fund Flow Statement

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