Multiple Choice Questions on lsquo Schedule Statement of changes in working capital rsquo is prepared for ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

lsquo Schedule Statement of changes in working capital rsquo is prepared for ........

Costing - Phase (I & II) Overview of Cost and Management Accounting
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    ‘Schedule/Statement of changes in working capital’ is prepared for.

    Balance sheet.  

    Incorrect Answer

    Cash flow statement. 

    Incorrect Answer

    Fund flow statement.   

    Correct Answer

    Profit and loss account.

    Incorrect Answer
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    Explanation:

    In Fund flow statement three statements are required to be prepared:

    1. Schedule of changes in working capital
    2. Statement of sources and application of funds
    3. Adjusted Profit and loss Account

    By: Vikas Goyal
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