Which of the following is incorrect about the statement of cash flows?
(A) It provides information about the cash receipt and cash payments of an enterprise.
(B) It reconciles ending cash balance with the balance as per bank statement.
(C) It provides information about the operating, investing and financing activities.
(D) It explains the deviation of cash from Earnings.
Answer: B
Also Read:
- Cash flow statement is prepared for financial planning of
- Which of the following is source of cash?
- Which of the following is not source of cash?
- Which of the following is not application of cash?
- Cash from operating activities consists of:
- While calculating operating profit which will be added to net profit:
- While calculating operating profit which will be added to net profit
- While calculating cash flow from operating activities which will be deducted:
- While calculating cash flow from operating activities which will be added :
- Cash from Operating activities will decrease due to :
