Which of the following is not an application of funds in the preparation of a Funds Flow Statement?
Trading profits provide a source of funds rather than an application of funds. Funds lost in operations, redemption of preference share capital and purchases of non-current…
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Which of the following is not an application of funds in the preparation of a Funds Flow Statement?
Answer and explanation
Correct answer C
Trading profits provide a source of funds rather than an application of funds. Funds lost in operations, redemption of preference share capital and purchases of non-current assets all use funds.
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West Bengal SET (WB SET)