CBSE Class 12 (Commerce) Cash Flow Statement — practice questions
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Practice CBSE Class 12 (Commerce) Cash Flow Statement in the app →Which Indian accounting standard deals with the cash flow statement?A cash flow statement shows the inflow and outflow of which items?Under AS-3, how many categories are cash flows classified into?Which of these is NOT a category used in a cash flow statement?As per AS-3, cash comprises cash in hand and which other item?Cash equivalents are best described as which type of investments?An investment normally qualifies as a cash equivalent if its maturity is at most how long?Which item is excluded from cash equivalents unless it is substantially one?Buying cash equivalents with spare cash appears how in the statement?Operating activities are the principal activities that do what for an enterprise?For a garment maker, which is an operating activity?Receipts of royalties, fees and commissions are classed under which activity?Cash paid to suppliers for goods and services is which type of flow?Payments made to and on behalf of employees are shown under which activity?Cash flows from purchase and sale of trading securities are classified as what?Investing activities relate to acquisition and disposal of which items?Cash received from disposal of fixed assets is which kind of flow?For a non-financial company, interest received is classified under which activity?For a non-financial company, interest and dividends paid are classified as what?Cash advances and loans made to third parties by a manufacturing firm are which flow?Financing activities change the size and composition of what?Which is a cash inflow from financing activities?Separate disclosure of financing flows helps predict what?Redemption of preference shares is shown under which activity?Purchase of goodwill for cash is classified under which activity?Purchase of shares is an operating activity for which kind of firm?Loss due to theft, flood or earthquake is an example of which item?How are cash flows from extraordinary items shown in the cash flow statement?Tax on operating profit is classified under which activity?Tax paid on dividend is classified together with which flow?A firm acquires machinery by issuing equity shares. How is this treated in its cash flow statement?Which pair of methods may be used to report operating cash flows under AS-3?The direct method discloses major classes of what?Which method gives information useful for estimating future cash flows?Which method do companies in practice use most for operating cash flows?Depreciation is added back to net profit in the indirect method because it is what?Why is finance cost added back to profit?How is profit on sale of land treated in the indirect method?Goodwill written off is treated how when working out operating cash flow?An increase in current assets, other than cash, has what effect on operating cash flow?A decrease in current liabilities has what effect on operating profit?Net increase or decrease in cash and equivalents equals which sum?How is closing cash obtained in a cash flow statement?Previous year's proposed dividend is shown under which activity in the current year's statement?Which benefit does a cash flow statement give when used with other financial statements?Cash flow statements improve comparability by removing what effect?Under which Companies Act 2013 section are accounting standards notified?Proceeds from sale of patents are shown under which activity?Interim dividend paid on equity shares falls under which activity?Short-term deposits and marketable securities are examples of what?Refund of income tax received is shown under which activity?PBT 60,000, depreciation 8,000, interest 4,000, gain on sale 6,000. Operating profit?A firm opens with cash of 20,000. Operating flow is +50,000, investing -30,000 and financing +15,000. Closing Profit 90,000; stock up 12,000, creditors up 7,000, debtors down 4,000. Operating cash?Bought machinery 80,000, sold old 25,000, got interest 3,000. Net investing outflow?Shares issued 2,00,000; loan repaid 50,000; dividend 30,000; interest 10,000. Net inflow?Cash and equivalents fell by 7,000 during the year to a closing balance of 18,000. What was the opening balancA firm buys land for 1,00,000 by issuing shares of equal value. Its investing outflow for this deal is?A firm can show a profit yet lack cash to operate. Which statement exposes this?Which international standard made cash flow statements mandatory from 1994?Under US GAAP, where must interest paid be reported?Which method does the IASC strongly recommend for operating cash flows?In the indirect method, an increase in an asset account has what effect on net income?A firm has net income of 100 and receivables rose by 25, with nothing else changing. Operating cash flow is?Non-operating gains are treated how when computing operating cash flow from net income?Under IAS 7, where are non-cash investing and financing activities disclosed?Which financing item is listed as repayment of principal including capital leases?Payments related to mergers and acquisitions are classed under which activity?Which is a financing activity involving a firm's own stock?Which item is added back to net income to reach cash flow from operations?