Question : Cash Flow statement is based on - 

Option 1: Accrual basis of accounting

Option 2: Cash basis of accounting

Option 3: Mixed basis of accounting

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 : 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

Question : Limitations of Cash-Flow Statement is

Option 1: It ignores the accrual concept of accounting

Option 2: No substitute for an Income Statement

Option 3: Historical in Nature

Option 4: All of the above

Question : Limitations of Cash-Flow Statement is

Option 1: It ignores the accrual concept of accounting

Option 2: No substitute for an Income Statement

Option 3: Historical in Nature

Option 4: All of the above