Which of the following is incorrect about the statement of cash flows? Options: A . &nbspIt provides information about the cash receipt and cash payments of an enterprise. B . &nbspIt reconciles ending cash balance with the balance as per bank statement. C . &nbspIt provides information about the operating, investing and financing activities D . &nbspNone of these

Which of the following is incorrect about the statement of cash flows?

Question

Which of the following is incorrect about the statement of cash flows?

Options:

A . It provides information about the cash receipt and cash payments of an enterprise.

B . It reconciles ending cash balance with the balance as per bank statement.

C . It provides information about the operating, investing and financing activities

D . None of these

Answer: Option B
:
B
It reconciles ending cash balance with the balance as per bank statementis incorrect about the statement of cash flows

Was this answer helpful ?

Next Question

Question 1. A financial statement that shows the inflows and outflows of cash during a particular period of time is known as:....

Question 2. It’s one of the purest measures of cash sources and uses.....

Question 3. In particular, which cash flow can uncover a company's true profitability?....

Question 4. Receipt of interest is to be _________ from net profit.....

Question 5. Purchase of machinery by means of issue of shares should be ___ from cash flow statement....

Question 6. Short term highly liquid investments that are readily convertible in to known amounts of cash and which are subject to i....insignificant risk of changes in value is known as ___

Question 7. Increase in current liabilities like accounts payable, accrued liabilities, income tax payable etc. are _________ under ....liabilities, income tax payable etc. are _________ under indirect method.

Question 8. Cash proceeds from issue of shares will result in cash _________ from financing activities.....

Question 9. Cash Flow Statement useful for _____.....

Question 10. Decrease in current assets are ________ under indirect method.....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0