ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A cash flow statement is a summary that shows the total ____ and spending for a given period of time.
A
assets
B
liabilities
C
revenue
D
income
Explanation: 

Detailed explanation-1: -A cash flow statement is a financial statement that provides aggregate data regarding all cash inflows that a company receives from its ongoing operations and external investment sources. It also includes all cash outflows that pay for business activities and investments during a given period.

Detailed explanation-2: -The cash flow statement shows the source of cash and helps you monitor incoming and outgoing money. Incoming cash for a business comes from operating activities, investing activities and financial activities.

Detailed explanation-3: -The cash flow statement should report cash flows during the period classified by operating, investing and financing activities.

Detailed explanation-4: -A cash flow statement is a financial statement that presents total data concerning complete cash inflows a business gains from its continuing progress and external financing sources, as well as all cash outflows that pay for trading activities and finances during a delivered time.

Detailed explanation-5: -The cash flow statement (previously known as the flow of funds statement), shows the sources of a company’s cash flow and how it was used over a specific time period.

There is 1 question to complete.