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Cash Flow Statement — Practice Quiz

Madhya Pradesh Board · Class 12 · Accountancy

Try a 4-question quiz on Cash Flow Statement for Madhya Pradesh Board Class 12 Accountancy: tap an answer to check it and see why.

116 questions76 flashcards5 formulas & key relations5 concepts

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An infographic illustrating the core concept of a Cash Flow Statement, showing its purpose (inflows/outflows of cash and cash equivalents), its three main categories (Operating, Investing, Financing A
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Quick Quiz: Cash Flow Statement

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1

What is the primary purpose of preparing a Cash Flow Statement?

2

Cash equivalents include investments with maturity of:

3

Under the indirect method, depreciation is:

4

Sale of fixed assets is classified under which activity?

116 Questions·
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Sample Questions

1multiple correct

Which activities are classified in a Cash Flow Statement according to AS-3?

Show answer

Operating Activities, Investing Activities, Financing Activities

AS-3 classifies cash flows into three categories: Operating Activities (main business activities), Investing Activities (acquisition/disposal of long-term assets), and Financing Activities (changes in capital and borrowings).

2multiple correct

Which of the following are examples of Operating Activities?

Show answer

Cash receipts from sale of goods, Cash payments to suppliers, Payment of salaries to employees

Operating activities include cash flows from main business activities like sales, purchases, and employee payments. Purchase of machinery is investing activity, and issue of shares is financing activity.

3multiple correct

Which of the following are examples of Financing Activities?

Show answer

Issue of debentures, Repayment of bank loan, Dividend paid

Financing activities involve changes in capital and borrowings. Issue of debentures, loan repayment, and dividend payment are financing activities. Purchase of inventory is operating activity, and sale of machinery is investing activity.

4multiple choice

The Cash Flow Statement is prepared according to which Accounting Standard?

Show answer

AS-3

Cash Flow Statement is prepared according to Accounting Standard-3 (AS-3) which provides guidelines for the preparation and presentation of cash flow statements.

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Frequently Asked Questions

What are the important topics in Cash Flow Statement for Madhya Pradesh Board Class 12 Accountancy?
Key topics in Cash Flow Statement include Meaning, Need, and Legal Basis, Cash, Cash Equivalents, and Cash Flows, Classification of Cash Flows, Special Items and Their Treatment. Study these first, then practise questions on each for the Madhya Pradesh Board Class 12 board exam.
How many practice questions are there for Cash Flow Statement?
There are 116 questions on Cash Flow Statement. Try the 4-question sample quiz on this page first; each answer shows an explanation when you tap it.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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