Under which method the Cash Flow Statement is prepared by adjusting the profit figure in the income statement?
Cash Flow Statements can be prepared using 2 methods: 1. Direct Method – takes the inflows and outflows directly. Example- sale of an asset increase the inflow and gets added in the opening cash 2. Indirect Method – calculates the changes in the cash flows by adjusting the profit figure in the income statement. Example – depreciation is added in the profits since it is an expense which reduced profits but not cash. Therefore, this method attempts to find the cash flows by moulding the profits to the actual cash flows.
'Lord Hanuman' has been declared as the official mascot of which championship?
What is the primary objective of the Assam State Township Policy, 2023, recently approved by the Assam cabinet?
Consider the statement below and answer the question that follows :
" Germany has recently granted India a license to purchase small arms ...
What was the theme of International Day of Education 2022?
On which occasion did Prime Minister Narendra Modi launch the 'Mera Yuva Bharat (MY Bharat)' platform, and what is the key goal of this platform?
Which bank has become the first bank to issue an 'ONDC Network Gift Card To revolutionize the shopping experience for Indian consumers & empower them ...
India has paid USD ______ million in UN regular budget assessments for the year 2022.
Who won the Australian Grand Prix 2022 in Melbourne, Victoria?
Recently the “Yuva Sangam” registration portal was launched at which city?
Consider the following statements about Solid-fuel missiles:
1. Recently, Russia test-fired an intercontinental ballistic missile (IC...