CCRA - MODULE 1 - Topic 1 Online Test

Which of the following do not represent an accounting equation


To arrive at the operating cash flow, net profit is adjusted for:


If depreciation expense increases by INR 10 crore and a company falls in 20% tax bracket, the impact

on cash flows would be:


Which of the following item in the profit and loss statement is not adjusted in operating cash flow

statement prepared under indirect method?


Owners? equity capital is shown as a liability in the Balance Sheet. This is based on the accounting concept

of:










Description:

Introduction-Role of Financial Statements

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