Question:medium

Cash Flow Statement is prepared in accordance with:

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Always refer to AS-3 for format and classification of cash flows.
  • Accounting Standard 3
  • Accounting Standard 26
  • The Companies Act, 2013
  • The Companies Act, 1956
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The Correct Option is A

Solution and Explanation

AS-3 outlines the preparation of Cash Flow Statements, classifying cash flows into Operating, Investing, and Financing Activities.
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