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easyMCQCUET Accountancy 2025 16 May Shift 12026CUET Accountancy
1 mark

Cash Flow Statement is a critical component of financial reporting and is prepared in accordance with which Accounting Standard?

  1. A
    AS-5
  2. B
    AS-3
  3. C
    AS-1
  4. D
    AS-7

Solution & Step-by-step Explanation

The preparation and presentation of Cash Flow Statements in India are regulated by Accounting Standard-3 (AS-3) (and Ind AS 7 under the converged standards framework).

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Cash Flow Statement is a critical component of financial reporting and is prepared in accordance with which Accounting Standard?
A
AS-5
B
AS-3
C
AS-1
D
AS-7

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Financial StatementsCash Flow

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