Question : As per AS - 3 cash flow statement is mandatory to -
Option 1: All companies
Option 2: One person company
Option 3: Small company
Option 4: Dormant company
Answer (1)
22nd Jan, 2024
Correct Answer: All companies
Solution : All businesses are required to prepare cash flow statements, however the statute also lists several businesses that are excluded from doing so. One Person Companies (OPCs), Small Companies, and Dormant Companies are a few examples.
Hence the correct answer is option 1.
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