5 Questions
Which method can be used to prepare cash flow statements as prescribed by Accounting standard -3?
Both indirect and direct methods
Which activities are covered in the preparation of cash flow statements?
Operating, investing, and financing activities
What is the purpose of preparing a cash flow statement?
To analyze the cash inflows and outflows of a business
Which method is commonly used to prepare cash flow statements?
Indirect method
According to Accounting standard -3, how many methods can be used to prepare cash flow statements?
Two methods
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