Question

As per AS 3 (Revised) while preparing cash flow statement the correct sequence to be followed is
A. Calculation of Cash flow from Financing Activities
B. Calculation of cash flow from Operating Activities
C. Calculation of cash flow from Investing Activities
D. Calculation of net changes in cash and cash equivalents during the year
E. Calculation of net profit before tax and extra-ordinary items
Choose the correct answer from the options given below :

• A. A, C, B, D, E
• B. E, B, C, A, D
• C. E, B, A, C, D
• D. D, C, B, A, E

Answer 1

The Correct Option is B

The correct option is (B) :E, B, C, A, D.