Accounting · Accounting Standards
The Accounting Standard AS 3 (Revised) on Cash Flow Statements became mandatory with effect from accounting periods beginning on or after 01-04-2001 for which of the following enterprises?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Only banking and insura nce companies.
- 2All enterprises whose turnover exceeds Rs. 2 cr ores.
- 3Enterprises whose debt or equity securities are not listed on a recognized stock exchange.
- 4Commercial, industrial and business reporting enterprises whose turnover for the accounting period exceeds Rs. 50 crores.✓
Correct answer
Commercial, industrial and business reporting enterprises whose turnover for the accounting period exceeds Rs. 50 crores.
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 Accounting Standards MCQs →Want more practice questions on Accounting Standards?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Accounting Standards