Accountancy Part BCash Flow Statement

Select the accounting standard in accordance to which Cash flow State…

Select the accounting standard in accordance to which Cash flow Statement is prepared:

Answer & explanation

Correct answer: option 4

The correct answer is Option (4) → AS-3 (revised)

NCERT (2026-27 edition):
Cash Flow Statement – “… Financial Statements are defined in Companies Act, 2013 (Section 2 (40)] and includes Cash Flow Statement prepared in accordance with Accounting Standard- 3 (AS-3)- Cash Flow Statement.”