In the funds flow statement, item of preliminary expenses written off during the year is:
A) Added to net profit
B) Subtracted from net profit
C) An application of working capital
D) None of the above
Correct Answer:
Verified
Q37: Cash flow statement is prepared from
A)Balance sheet
B)Profit
Q38: Depreciation on fixed assets implies
A)an application of
Q39: Fund flow refers to changes in
A)application
B)sources
C)both a.
Q40: Which one of the following concepts is
Q41: If the provision for income tax for
Q43: Which of the following items will affect
Q44: Cash from operations is equal to
A)Net profit
Q45: Increase in the amount of prepaid expenses
Q46: Cash flow statement is based upon
A)Accrual basis
Q47: Increase in the amount of creditors results
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