Question

___________________is 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.

a.

Fund flow statement

b.

Cash flow statement

c.

Balance sheet

d.

Trial balance

Posted under IC 89 Management Accounting

Answer: (a).Fund flow statement Explanation:A Fund Flow Statement is 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. It focuses on how funds move within an organization, highlighting the sources of funds and how these funds are utilized. The other options (b) Cash flow statement, (c) Balance sheet, and (d) Trial balance are not specifically designed for analyzing changes in financial positions over different periods; they serve different purposes in financial reporting.

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Q. ___________________is 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...
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