881. As per Accounting Standard-3, Cash Flow is classified into
A. Operating activities and investing activities
B. Investing activities and financing activities
C. Operating activities and financing activities
D. Operating activities, financing activities and investing activities

882. Cash Flow Statement is also known as
A. Statement of Changes in Financial Position on Cash basis
B. Statement accounting for variation in cash
C. Both a and b
D. None of the above.

883. Cash Flow Statement is based upon
A. Cash basis of accounting
B. Accrual basis of accounting
C. Credit basis of accounting
D. None of the above

884. Cash flow statement is based upon _________ while Funds Flow Statement recognizes _______.
A. Cash basis of accounting, accrual basis of accounting
B. Accrual basis of accounting, cash basis of accounting
C. Both are based on cash basis of accounting
D. None of the above

885. Statement of changes in working capital is prepared separately in
A. Cash Flow Statement
B. Funds Flow Statement
C. Both a and b
D. None of the above

886. Cash Flow Statement studies causes of change in working capital.
A. True
B. False

887. _________ reconciles the opening cash balance with the closing cash balance of a given period on the basis of net decrease or increase in cash during that period.
A. Cash Flow Statement
B. Funds Flow Statement
C. Both a and b
D. None of the above

888. _____ has/have accepted cash flow statement is more useful than funds flow statement, particularly from view of analysis of liquidity of a firm.
A. Institute Of Chartered Accountants of India
B. FASB, America
C. SEBI
D. All of the above

889. Cash Flow Statement is prepared from
A. Profit and loss account
B. Balance Sheet
C. Additional Information
D. All of the above

890. Cash payment to suppliers for services and goods is example of cash outflow.
A. True
B. False