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The statement of cash flows may be presented in either a direct or an indirect (reconciliation) format.

In which of these formats would cash collected from

customers be presented as a gross amount?

Direct                Indirect

A. No                           No

B. No                         Yes

C. Yes                       Yes

D. Yes                        No

Accounting Auditing CMA Banking
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Question added by Deleted user
Date Posted: 2015/03/23
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Muhammad Ramzan Tufail ACCA
by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

(D) is the Correct Ans.

 

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