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!

IC 89 Management Accounting

Boost your preparation for the IC 89 Management Accounting exam with our extensive...

Biochemical Engineering

Master the synergy of biology and engineering with our Biochemical Engineering...

Cognitive Radio

Step into the dynamic world of Cognitive Radio, where wireless communication meets...

Logical Reasoning

Enhance your logical thinking and decision-making abilities with our Logical...

Electrical Measurement and Instrumentation

Unlock the world of electrical measurements with our dedicated category. Explore...

Highway Engineering

Navigate the road to efficient transportation with our Highway Engineering category....

Tissue Engineering

Delve into the cutting-edge field of Tissue Engineering with our specialized...

Engineering Geology

Explore the dynamic field of Engineering Geology with our specialized category. Delve...

Cytogenetics

Delve into the genetic mysteries of chromosomes with our Cytogenetics category....