Question

Apart from Balance Sheets and Profit & Loss Account, what additional data is needed for Cash Flow Statements preparation?

a.

Employee salary details

b.

Marketing expenses

c.

Additional data related to assets and liabilities

d.

Customer satisfaction surveys

Posted under IC 89 Management Accounting

Answer: (c).Additional data related to assets and liabilities Explanation:In addition to Balance Sheets and Profit & Loss Account, additional data related to assets and liabilities is collected to determine how cash has been provided or used for the purchase or sales of assets for cash.

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Q. Apart from Balance Sheets and Profit & Loss Account, what additional data is needed for Cash Flow Statements preparation?
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