Question : Cash Flow Statement is prepared according to the___________.
Option 1: AS-3
Option 2: Revised AS-3
Option 3: AS-6
Option 4: AS-10
Answer (1)
24th Jan, 2024
Correct Answer: Revised AS-3
Solution : Answer = Revised AS-3
The cash flow statement is prepared according to the Accounting standard revised AS-3. This standard provides guidelines for presenting a company's cash flows from operating, investing, and financing activities, enhancing transparency and comparability in financial reporting.
Hence, the correct option is 2.
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