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CS Executive Practice Test: Cash Flow Statement – Corporate and Management Accounting
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CS Executive Practice Test: Cash Flow Statement – Corporate and Management Accounting
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24 Questions

1. When the installment paid in respect of a fixed asset acquired on a deferred payment basis includes both interest and loan, the interest element is classified under activities and the loan element is classified under
activities
2. A cash flow statement is based upon while fund flow statement recognizes
3. In the cash flow statement, the dividend paid in the case of a financing company is classified as
4. In cash flow, income tax paid is treated as:
5. Arrange the following categories of cash inflows and cash outflows in the correct order of cash flow statements:
(1) Cash flows from investing activities
(2) Cash flows from financing activities
(3) Cash flows from operating activities.
Select the correct answer from the options given below
6. The purchase of machinery by issuing long-term notes payable should be reported as a
7. When the installment paid in respect of a fixed asset acquired on a deferred payment basis includes both interest and loan, the interest element is classified under activities and the loan element is classified under
activities
8. A cash flow statement is based upon while fund flow statement recognizes
9. June Arrange the following categories of cash inflows and cash outflows in the correct order:
(1) Cash from investing activities
(2) Cash from financing activities
(3) Cash from operating activities
Select the correct answer from the options given below
10. June By ‘Cash Equivalents’ we mean:
11. Which statement contains opening as well as closing balances of cash and cash equivalents and prepared on an accrual basis
12. Statement-I:
In funds flow analysis, current assets and current liabilities are shown separately in a statement of changes in working capital.
Statement-II:
In cash flow analysis, increases and decreases of all current accounts are adjusted in the calculation of cash flow from operating activities.
Select the correct answer from the following
13. Which statement contains opening as well as closing balances of cash and cash equivalents and prepared on an accrual basis
14. Cash payments to and on behalf of employees is an example of cash flow from –
15. Dec. In the case of financial enterprises, cash flows arising from____are classified as cash flows from operating activities
16. Dec. Both cash flow statement and fund flow statement are:
17. Dec. In the case of financial enterprises, cash flows arising from____are classified as cash flows from operating activities
18. In the cash flow statement, interest received by the company is classified as
19. Preference share capital of ₹ 5,00,000 was redeemed at a premium of 10%, partly out of proceeds of the issue of 20,000 equity shares of ₹ 10 each issued at 10% premium and partly out of profits otherwise available for dividends. Choose the correct effect on different activities of cash flow statement from the options given below:
20. Assertion (A):
A cash flow statement enhances the comparability of the report.
Reason (R):
A cash flow statement eliminates the effect of using different treatments for the same transactions.
Select the correct answer from the following
21. In the case of financial enterprises, cash flow arising from interest and dividends should be classified as cash flow from:
22. In the cash flow statement, proceeds from sales of an asset will be considered as:
23. Cash payments to and on behalf of employees is an example of cash flow from –
24. Arrange the following categories of cash inflows and cash outflows in the correct order of cash flow statements:
(1) Cash flows from investing activities
(2) Cash flows from financing activities
(3) Cash flows from operating activities.
Select the correct answer from the options given below

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