Question

In 'scheduled of changes in working capital' following items should not be taken into account __________________.

• A. Current assets given outside balance sheet
• B. Current assets given inside balance sheet
• C. Current Liabilities given inside balance sheet
• D. Current Liabilities given outside balance sheet
• E. Both (A) and (D)

Answer 1

The correct option is E Both (A) and (D)

Schedule of changes in working capital can be prepared only from the information given in balance sheet and there is no effect on this of additional information supplied outside the balance sheet.