Which of the following is incorrect about the statement of cash flows?

It provides information about the cash receipt and cash payments of an enterprise.

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It reconciles ending cash balance with the balance as per bank statement.

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It provides information about the operating, investing and financing activities

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None of these

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Solution

The correct option is B
It reconciles ending cash balance with the balance as per bank statement.

It reconciles ending cash balance with the balance as per bank statement is incorrect about the statement of cash flows

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Similar questions

From the following information, calculate Cash Flow from Investing and Financing Activities:

During the year, a machine costing ₹ 10,000 was sold at a loss of ₹ 2,000. Depreciation on machinery charged during the year amounted to ₹ 6,000.

1, 900

100

R s .90

R s .1, 500

R s .20

R s .30

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