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How can accuracy of statement of cash flows can be checked?

(a) Opening Cash Balance is answer    

 

(b) Net profit before tax is answer 

 

(c) Closing Cash Balance is answer 

 

(d) None of the above

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Question added by Shazia Anees , Assistant Manager Finance , Arham Trading Company
Date Posted: 2015/05/19
Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

(c) Closing Cash Balance

 

Accuracy can be checked by matching the closing balances of Cash Flow Statement and Balance Sheet.

Lalrinmawia Pachuau
by Lalrinmawia Pachuau , Accounts Officer , North East Rural Livelihood Project (World Bank Funded)

c)  Closing balance of cash should be tally with the closing balance of Cash flow statement.

Syed Muhammad Zeeshan Alam
by Syed Muhammad Zeeshan Alam , Assistant Manager Pricing Analysis , Ufone 4G

The cash and cash equivalents at the bottom of the cash flow statement should match with the cash and bank balance on the statement of financial position

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