Multiple Choice Questions on lsquo Funds rsquo in Fund Flow Statement means ........ for Punjab Government (Allied) Exams Preparation

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Multiple Choice Questions

lsquo Funds rsquo in Fund Flow Statement means ........

Finance( Revenue Account ) Fund flow statement 
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    ‘Funds’ in Fund Flow Statement means:

    Fixed assets           

    Incorrect Answer

    Current assets.       

    Incorrect Answer

     Net Current assets.      

    Correct Answer

    Current liabilities.

     

    Incorrect Answer
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    Explanation:

    Fund is a wider concept in FFS. It includes current asset and current liabilities i.e. Net Current assets

    By: Vikas Goyal
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