Accountancy Part BFinancial Statements of a Company

Cash flow statement is part of financial statements as per The Compan…

Cash flow statement is part of financial statements as per The Companies Act 2013 and prepared in accordance with Accounting Standard............

Answer & explanation

Correct answer: option 2

The correct answer is Option (2) → AS-3

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.”