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Categories of Cash Flow Statement

A financial s...

Question

A financial statement that shows the inflows and outflows of cash during a particular period of time is known as:

A

Income statement

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B

Statement of retained earnings

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C

Balance sheet

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D

Statement of cash flows

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Solution

The correct option is D
Statement of cash flows

A financial statement that shows the inflows and outflows of cash during a particular period of time is known as statement of cash flows.

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Q. Statement shows the inflows and outflows of cash during a particular period.

Q. Which of the following statement is true?
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b. Cash flow reveals only the outflow of cash.
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In the context of the above two statements, which of the following is correct?

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