Accounting · Cash Flow Statement
According to Accounting Standard-3 (AS-3), the preparation of a Cash Flow Statement is mandatory for which of the following?
- 1None of the commercial enterprises
- 2Enterprises whose turnover exceeds ₹50 crores or listed companies✓
- 3Only charitable trusts and non-profit organizations
- 4All small and dormant enterprises
Correct answer
Enterprises whose turnover exceeds ₹50 crores or listed companies
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