Question : Cash Flow Statement is based Upon :

Option 1:  Accrual basis of accounting

Option 2: Cash basis of accounting

Option 3: Accounting equation

Option 4: None of the above

Question : Receipts and Payments Account of a non-profit organisation is prepared on the basis of:

Option 1: Accrual Basis

Option 2: Cash Basis

Option 3: Both Cash and Accrual

Option 4: None of these

Question : Which of the following statements about the statement of cash flow is not correct?

Option 1: Cash flow statement is part of financial statement

Option 2: Cash flow statement is prepared on cash basis of accounts

Option 3: Cash flow statement is substitute of cash account

Option 4: Cash flow reports are generally prepared at the end of the accounting year

Question : On which basis of accounting, Receipts and Payment account is prepared in case of Non Profit Organisation?

Option 1: Profit Basis 

Option 2: Accural Basis

Option 3: Cash basis 

Option 4: None of these

Question : The cash flow statement begins with :

Option 1: Cash Flow from Operating Activities

Option 2: Cash Flow from Financing Activities

Option 3: Cash Flow from Investing Activities

Option 4: None of the above