Which of the following statement is not true —

CS Executive · Cost and Management Accounting · PYQS · June 2015
Which of the following statement is not true —
(A) Fund flow statement is also known as statement of sources and application of funds
(B) Fund is equal to current assets minus current liabilities
(C) There is an inverse relationship between current assets and working capital
(D) Fund flow statement is prepared on accrual basis.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Financial Accounting / Fund Flow Statement

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic