Accounting · Financial Statements
Statement I: Cash Flow Statement explains changes in cash and cash equivalents during a period. Statement II: Funds Flow Statement focuses exclusively on movements of cash balances.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Both statements are incorrect.
- 2Both statements are correct.
- 3Statement I is correct but Statement II is incorrect.✓
- 4Statement I is incorrect but Statement II is correct.
Correct answer
Statement I is correct but Statement II is incorrect.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Financial Statements MCQs →Want more practice questions on Financial Statements?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Financial Statements