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Cash Flow Statement — Accountancy STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceAccountancyCash Flow Statement1 Mark
Question
Cash flow statement is also termed as ___________________.
  1. Statement of changes in Financial Position (working capital basis)
  2. Statement of changes in Financial Position (cash basis)
  3. Appropriate statement for short range planning
  4. Statement showing cash receipts and payments
✓

Answer

  1. Statement of changes in Financial Position (working capital basis)
Explanation:

The statement of changes in financial position (sometimes called a “cash flow statement”) shows a company's net cash flow in a given period of time. Because it also indicates where the cash flowed from or to, it is often referred to as the “sources and uses of cash statement.”

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