CBSE Class 12 Accountancy Cash Flow Statement Quiz 3

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CBSE › Class 12 › Accountancy › Cash Flow Statement

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1. Which of the following is not a Cash Outflow:

A Increase in Creditors B Increase in Debtors C Increase in Stock D Increase in prepaid expenses

2. Cash from operation is equal to :

A Net Profit + Increase in Current Assets B Net Profit + Decrease in Current Liabilities C Operating Profit + Adjustment of Current Assets and Current Liabilities D All of the above

3. Income tax refund is a cash of:

A Source B Application C Both (a) & (b) D None of these

4. Cash Flow Statement in based upon:

A Cash basis of accounting B Accrual basis of accounting C (a) and (b) both D None of these

5. Cash Flow Statement is related to:

A AS-3 B AS-6 C AS-9 D AS-12

6. Cash Flow Statement is prepared from:

A Balance Sheet B Profit & Loss Account C Additional Information D All of these

7. Following Is included in Cash Flow from Operating Activities:

A Royalties, Fees, Commission B Purchase of Debentures C Purchase of Machinery D issue of Shares

8. Following are included in cash equivalent:

A Treasury Bill B Trade Bill C Bank Deposits of Short Maturity Period D All of above

9. Claims received from Insurance Companies are treated as:

A Cash Flow from Operating Activities B Cash Flow from Investing Activities C Cash Flow from Financing Activities D None of these

10. Which activity comes under ‘Operating Activities’ ?

A Purchase of Land B Issue of Debentures C Proceeds from Issuance of Equity Shares D Cash Sales

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