Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Cash Flow Statement

Question:

Cash flow statement of the company is a substitute of.................

Options:

Balance sheet

Income statement

Profit and loss A/c

None of these

Correct Answer:

None of these

Explanation:

The cash flow statement shows only cash inflow and outflow of cash whereas the income statement shows both cash and non-cash items. Balance sheet show all assets and liability whether include cash or not. So it is not substitute of any statement.