Question

What does a Cash Flow Statement report?

a.

Net profit and loss

b.

Cash transactions only

c.

Cash receipts and cash payments classified by major activities

d.

Balance of assets and liabilities

Posted under IC 89 Management Accounting

Answer: (c).Cash receipts and cash payments classified by major activities Explanation:A Cash Flow Statement reports cash receipts and cash payments classified according to the firm's major activities, namely Operating Activities, Investing Activities, and Financing Activities during the period of reporting.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What does a Cash Flow Statement report?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is considered an application of working capital or funds?

View solution

Q. What are the outlined sources of working capital?

View solution

Q. What is the formula given for calculating Funds?

View solution

Q. What does "Fund" mean?

View solution

Q. How is the term "flow of funds" defined?

View solution

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

View solution

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

View solution

Q. What is the purpose of analyzing the Statement of Profit & Loss Account in the context of Cash Flow Statements?

View solution

Q. What documents and data are crucial for the preparation of Cash Flow Statements?

View solution

Q. According to Accounting Standard 3 (Revised), what does the treatment of cash flows of special items include?

View solution

Q. In the context of insurance business, what do Financing Activities involve?

View solution

Q. What defines Financing Activities?

View solution

Q. Which of the following is an example of a cash flow from Investing Activities?

View solution

Q. What is the primary focus of Investing Activities?

View solution

Q. In an insurance company, what does cash flow from operating activities indicate?

View solution

Q. What are Operating Activities?

View solution

Q. How are Cash Flows defined?

View solution

Q. What are Cash Equivalents?

View solution

Q. How is "Cash" defined?

View solution

Q. In which method should an insurance company prepare its Cash Flow Statement according to IRDA regulations?

View solution
View All MCQs on IC 89 Management Accounting

Recommended Subjects

Are you eager to expand your knowledge beyond IC 89 Management Accounting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Human Anatomy and Physiology

Embark on a journey through the human body with our Human Anatomy and Physiology...

International Relations

Navigate the complex world of International Relations with our dedicated category....

Biology

Dive into the realm of life sciences with our Biology category. Explore the wonders...

Environmental Biotechnology

Discover the intersection of biology and environmental science with our Environmental...

Professional Communication

Hone your communication skills with our Professional Communication category. Enhance...

Sociology

Gain insights into human behavior and society with our Sociology category. Explore...

Mechanical Engineering

Explore the world of Mechanical Engineering with our specialized category. Dive into...

Concrete Technology

Welcome to Concrete Technology, a category that unravels the secrets behind the...

Non Verbal Reasoning

Enhance your cognitive abilities with our Non-Verbal Reasoning category. Dive into...