A. | 1 only |
B. | 1 and 2 |
C. | 2 and 3 |
D. | 1,2,3 and 4 |
Option: D Explanation : Click on Discuss to view users comments. |
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.
|
Option: A Explanation : Click on Discuss to view users comments. |
A. | AS-3 |
B. | AS-5 |
C. | AS-11 |
D. | AS-21 |
Option: C Explanation : Click on Discuss to view users comments. |
A. | FIFO |
B. | LIFO |
C. | Simple average method |
D. | Weighted average method |
Option: B Explanation : Click on Discuss to view users comments. |
A. | 2 and 3 |
B. | 1 and 4 |
C. | 1,2 and 3 |
D. | 1,2,3, and 4 |
Option: B Explanation : Click on Discuss to view users comments. |