Financial and Management Accounting

1:

Which of the following statements is correct

A.
Whenever there is inflow of cash there will definitely be inflow of funds though reverse is not true.
B.
Cash from operations and funds from operations mean the same thing.
C.
Cash flow statement is a substitute of Cash Account
D.
Cash generated from trading operations is equal to the net profit as reported in the Profit and Loss Account.
 

Answer : A

Explanation :

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Option: A

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