Costing

26. Which of the following activities should be shown separately in the cash flow statement prepared as per accounting standard-3? I. Cash flow from borrowing activities. II. Cash flow from operating activities. III. Cash flow from financing activities. IV. Cash flow from investing activities. V. Cash flow from miscellaneous activities.

I, II and III
I, III and V
II, III and IV
I, IV and V

Detailed SolutionWhich of the following activities should be shown separately in the cash flow statement prepared as per accounting standard-3? I. Cash flow from borrowing activities. II. Cash flow from operating activities. III. Cash flow from financing activities. IV. Cash flow from investing activities. V. Cash flow from miscellaneous activities.

29. Assertion (A): Cash flow statement, as per the financial statements as well, is incapable of revealing the overall financial position of a firm. Reason (R): Cash is an important constituent of the working capital based on recorded facts only.

Both (A) and (R) are correct, and (R) is the correct explanation of (A)
(A) is correct, but (R) is incorrect
(A) is incorrect, but (R) is correct
Both (A) and (R) are incorrect

Detailed SolutionAssertion (A): Cash flow statement, as per the financial statements as well, is incapable of revealing the overall financial position of a firm. Reason (R): Cash is an important constituent of the working capital based on recorded facts only.

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