Which one of the following statement is false?
Which one of the following statement is false?
Solution
✅ Correct Option: 2
A cash flow statement deals only with actual cash receipts and payments, hence it is prepared on a cash basis and not on the accrual basis. Statement (b) is therefore false. The other three statements are correct.
Related questions:
2022: 15 July Shift 2
2022: 20 Aug Shift 2