Question

________________ 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.

a.

Fund flow statement

b.

Cash flow statement

c.

Balance sheet

d.

Trial balance

Posted under IC 89 Management Accounting

Answer: (b).Cash flow statement 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. It provides insights into how cash is generated and utilized by the organization in its various business operations and financial activities. The other options (a) Fund flow statement, (c) Balance sheet, and (d) Trial balance serve different purposes in financial reporting and do not specifically classify cash flows into these major activities.

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Q. ________________ reports cash receipts and cash payments classified according to the firm 's major activities namely Operating Activities, Investing Activities, and Financing...
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