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CBSE
Class 12 Accountancy
Cash Flow Statement
Quiz 2
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Which of the following is not a Cash Outflow:
0%
Increase in Creditors
0%
Increase in Debtors
0%
Increase in Stock
0%
Increase in prepaid expenses
Explanation
Increase in Creditors
Cash from operation is equal to :
0%
Net Profit + Increase in Current Assets
0%
Net Profit + Decrease in Current Liabilities
0%
Operating Profit + Adjustment of Current Assets and Current Liabilities
0%
All of the above
Explanation
Net Profit + Decrease in Current Liabilities
Income tax refund is a cash of:
0%
Source
0%
Application
0%
Both (a) & (b)
0%
None of these
Explanation
Source
Cash Flow Statement in based upon:
0%
Cash basis of accounting
0%
Accrual basis of accounting
0%
(a) and (b) both
0%
None of these
Explanation
Cash basis of accounting
Cash Flow Statement is related to:
0%
AS-3
0%
AS-6
0%
AS-9
0%
AS-12
Explanation
AS-6
Cash Flow Statement is prepared from:
0%
Balance Sheet
0%
Profit & Loss Account
0%
Additional Information
0%
All of these
Explanation
All of these
Following Is included in Cash Flow from Operating Activities:
0%
Royalties, Fees, Commission
0%
Purchase of Debentures
0%
Purchase of Machinery
0%
issue of Shares
Explanation
Royalties, Fees, Commission
Following are included in cash equivalent:
0%
Treasury Bill
0%
Trade Bill
0%
Bank Deposits of Short Maturity Period
0%
All of above
Explanation
All of above
Claims received from Insurance Companies are treated as:
0%
Cash Flow from Operating Activities
0%
Cash Flow from Investing Activities
0%
Cash Flow from Financing Activities
0%
None of these
Explanation
Cash Flow from Operating Activities
Which activity comes under ‘Operating Activities’ ?
0%
Purchase of Land
0%
Issue of Debentures
0%
Proceeds from Issuance of Equity Shares
0%
Cash Sales
Explanation
Cash Sales
Which of the following is not a cash inflow ?
0%
Decrease in Debtors
0%
Issue of Debentures
0%
Decrease in Creditors
0%
None of these
Explanation
Decrease in Creditors
Which one of following is not a non-cash item ?
0%
Cash Sales
0%
Goodwill written off
0%
Depreciation
0%
Provision of Bad Debts
Explanation
Cash Sales
Cash flow statement according to AS-3 is mandatory to:
0%
All enterprises
0%
Companies listed on a stock exchange
0%
Enterprises having turnover expending 50 Rs crore
0%
(b) & (c) both
Explanation
(b) & (c) both
Decrease in Current Asset is……….in operating profit
0%
Subtracted
0%
Added
0%
Divided
0%
Multiplied
Explanation
Added
Following are true about cash equivalent:
0%
More Liquid Short-term Investment
0%
Minimum risk
0%
Maturity of 3 months or less than 3 months
0%
All the above
Explanation
All the above
Which of the following activity comes under Financial Activities ?
0%
Receipts from issurence of Equity Shares
0%
Cash Sales
0%
Bank Overdraft
0%
Purchase of Debentures
Explanation
Receipts from issurence of Equity Shares
Which calculating cash flow from operating activities which is added net profit ?
0%
Increase in Stock
0%
Decrease in Stock
0%
Increase in Debtors
0%
Decrease in Creditors
Explanation
Decrease in Stock
Which of the following is not the source of Cash ?
0%
Purchase of Fixed Assets
0%
Funds from Operations
0%
Issue of Debentures
0%
Sale of Fixed Assets
Explanation
Purchase of Fixed Assets
While calculating profit from operating activities, which will be added back to net profit:
0%
Goodwill Written off
0%
Depreciation
0%
Loss oh Sale of Fixed Assets
0%
All the Above
Explanation
All the Above
Profit during the year ₹ 20,During the year, there was increase in stock by ₹ 9,000 and decrease in debentures of ₹ 5,What is the amount of cash from operating activities ?
0%
₹ 6,000
0%
₹ 16,000
0%
₹ 24,000
0%
₹ 34,000
Explanation
₹ 16,000
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