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?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.
Recently Praveen Kumar Sobti passed away, who was he?
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