Question:medium
Cash Flow Statement is prepared in accordance with:
Cash Flow Statement is prepared in accordance with:
Show Hint
Always refer to AS-3 for format and classification of cash flows.
Updated On: Feb 9, 2026
- Accounting Standard 3
- Accounting Standard 26
- The Companies Act, 2013
- The Companies Act, 1956
Show Solution
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.
Was this answer helpful?
0
Top Questions on Cash Flow Statement
- Shyam Sunder Ltd. is a financing company. Under which of the following activity will the amount of ‘Interest paid on loan’ be shown:
- CBSE Class XII - 2024
- Accountancy
- Cash Flow Statement
- Tax paid during the year ended 31st March, 2023 was rupee 15,000. While calculating Net Profit before Tax and Extraordinary items, the amount of provision for tax to be added is .......
- CBSE Class XII - 2024
- Accountancy
- Cash Flow Statement
- Which of the following transactions will result in a flow of cash?
- CBSE Class XII - 2024
- Accountancy
- Cash Flow Statement
- From the following Balance Sheet of Yogita Ltd., calculate ‘Cash flows from Investing Activities’ and ‘Cash flows from Financing Activities’. Show your working properly.
Additional Information:
(i) rupee50,000 was charged as depreciation on Plant and Machinery. A machinery costing rupee60,000 (Book Value Rupees 45,000) was sold for Rupees 42,000.
(ii) Bank loan was repaid on 1st April, 2022.
- CBSE Class XII - 2024
- Accountancy
- Cash Flow Statement
- Want to practice more? Try solving extra ecology questions todayView All Questions