Question

7)
Cash flow statement is prepared and presented for the period for which the profit and loss
account is prepared.
a) AS-3
b) AS-10
c) AS-6
d) AS-2​

Answer 1

Explanation:

A cash flow statement provides information about the changes in cash and cash equivalents of a business by classifying cash flows into operating, investing and financing activities. It is a key report to be prepared for each accounting period for which financial statements are presented by an enterprise.

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