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    Question

    The Indian Accounting Standard (Ind AS) 1 deals with the

    requirements for presenting general purpose financial statements consisting of the Balance Sheet, Statement of Profit and Loss, Statement of Changes in Equity, and Statement of Cash Flows . Which Ind AS specifically governs the preparation and presentation of the Cash Flow Statement?  
    A Ind AS 2 Correct Answer Incorrect Answer
    B Ind AS 4 Correct Answer Incorrect Answer
    C Ind AS 5 Correct Answer Incorrect Answer
    D Ind AS 7 Correct Answer Incorrect Answer
    E Ind AS 10 Correct Answer Incorrect Answer

    Solution

    Ind AS 7 is the specific Indian Accounting Standard that deals with the preparation and presentation of the Cash Flow Statement. It provides guidance on reporting cash flows from operating, investing, and financing activities.  

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