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Cash Flow Statement Classification Quiz

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Questions and Answers

What are the three main activities that cash flows are classified under in a cash flow statement?

Revenue Activities, Expenditure Activities, Financing Activities

Income Activities, Expense Activities, Investment Activities

Cash Inflow, Cash Outflow, Cash Movement

Operating Activities, Investment Activities, Financial Activities (correct)

What is the main purpose of preparing a cash flow statement?

To identify total assets and liabilities

To show the movement of cash inflow and outflow (correct)

To calculate inventory turnover

To track profit and loss

Which statement accurately reflects the relationship between Cash Flow from Operating Activities (CFO), Cash Flow from Investing Activities (CFI), Cash Flow from Financing Activities (CFF), and Cash & Cash Equivalents during the year?

$CFO / CFI / CFF = Cash & Cash Equivalents during the year$

$CFO + CFI + CFF = Cash & Cash Equivalents during the year$ (correct)

$CFO imes CFI imes CFF = Cash & Cash Equivalents during the year$

$CFO - CFI - CFF = Cash & Cash Equivalents during the year$

Which method of preparing a cash flow statement is not typically covered in the syllabus?

<p>Direct Method</p> Signup and view all the answers

What are the two main topics covered when preparing a cash flow statement according to AS-3?

<p>Classification of Transaction into CFO/ CFI/ CFF and Calculate CFO CFI ICFF</p> Signup and view all the answers

Cash Flow Statement Classification Quiz

Choose a study mode

Podcast

Questions and Answers

What are the three main activities that cash flows are classified under in a cash flow statement?

What is the main purpose of preparing a cash flow statement?

Which statement accurately reflects the relationship between Cash Flow from Operating Activities (CFO), Cash Flow from Investing Activities (CFI), Cash Flow from Financing Activities (CFF), and Cash & Cash Equivalents during the year?

Which method of preparing a cash flow statement is not typically covered in the syllabus?

What are the two main topics covered when preparing a cash flow statement according to AS-3?

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