According to cash flow statement is prepared and presented for the period forwhich the profit and loss account is prepared.a) AS-3b) AS-10c) AS-6d) AS-2

According to cash flow statement is prepared and presented for the p

1.	According to cash flow statement is prepared and presented for the period forwhich the profit and loss account is prepared.a) AS-3b) AS-10c) AS-6d) AS-2
Answer» INDIRECT METHOD:Indirect method of ascertaining CASH flow from operating activities BEGINS with the amount of NET PROFIT/loss. ... However, Statement of Profit and Loss is prepared on accrual basis (and not on cash basis)Explanation:Hope this helps you

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According to cash flow statement is prepared and presented for the period forwhich the profit and loss account is prepared.a) AS-3b) AS-10c) AS-6d) AS-2​

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According to cash flow statement is prepared and presented for the period forwhich the profit and loss account is prepared.a) AS-3b) AS-10c) AS-6d) AS-2