Question

What is the primary definition of a Fund Flow Statement?

a.

A report on the financial performance of a business

b.

A statement of sources and application of funds, analyzing changes in financial positions between two periods

c.

A summary of income and expenses for a specific time period

d.

A record of cash inflow and outflow for a given financial year

Posted under IC 89 Management Accounting

Answer: (b).A statement of sources and application of funds, analyzing changes in financial positions between two periods Explanation:A Fund Flow Statement is defined as a statement of sources and application of funds, showing the analysis of changes in the financial positions of an enterprise between two financial periods or balance sheet dates.

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Q. What is the primary definition of a Fund Flow Statement?
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