Funds Flow Statement

Q.  The opening and closing balance of general reserves are Rs 10,000 and Rs 9,000, respectively. It is stated in addition information that a loss of Rs 1000 has been written off in general reserves. In such a case, decline in reserve and loss on investment will be adjusted in P&L account.
- Published on 19 Oct 15

a. True
b. False

ANSWER: False

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