A 'Funds Flow Statement' shows: MCQ with Answer and Explanation

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A 'Funds Flow Statement' shows:

A. Profit for the year

B. Changes in financial position between two periods

C. Cash inflows and outflows

D. Changes in working capital

Answer: Option B

Solution (By JKExamLibrary)

Funds flow statement explains the change in financial position (working capital) between two balance sheets.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Identify the non-cash item from the following:

A. Wages paid

B. Purchase of machinery

C. Dividend paid

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The 'Goods and Services Tax Network' (GSTN) is:

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The 'Duty Drawback' scheme under Customs provides:

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This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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