A cash flow statement deals only with actual cash receipts and payments, hence it is prepared on a cash basis and not on the accrual basis. Statement (b) is therefore false. The other three statements are correct.
CUET UG 2022 — Accountancy Financial Statements
Which one of the following statement is false?
Held on 8 Aug 2022 · Verified 13 Jul 2026.
Cash flow statement is based upon cash basis of accounting.
Cash flow statement is based upon accrual basis of accounting.
Increase in the amount of creditors is a source of cash in cash flow statement.
Increase in the amount of debtors results in decrease in cash in cash flow statements.
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Profit before interest and tax-
Match List-I with List-II | List-I | List-II | |---|---| | (A) SHAREHOLDERS FUND | (I) Non-current investments | | (B) CURRENT LIABILITIES | (II) Reserves and Surplus | | (C) CURRENT ASSET | (III) Trade Payables | | (D) FIXED ASSET | (IV) Inventories | Choose the correct answer from the options given below:
Auditor issues Annual report of company refering to___.
If the net profits earned during the year is Rs. 50,000 and the amount of debtors at the beginning and the end of the year is Rs. 10,000 and Rs. 20,000 respectively, then the cash from operating activities will be equal to:
Cash advances and loans made by financial enterprises are usually classified as ___________ activity.
Work through every CUET UG Financial Statements PYQ, year by year.