Difference between Cash flow statement & Funds flow statement

Q.  Cash flow statement is based upon _________ while Funds Flow Statement recognizes _______.
- Published on 04 Sep 15

a. Cash basis of accounting, accrual basis of accounting
b. Accrual basis of accounting, cash basis of accounting
c. Both are based on cash basis of accounting
d. None of the above

ANSWER: Cash basis of accounting, accrual basis of accounting

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