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Class 12 Accountancy: Cash Flow Statement — Chapter Test 1

Class 12 • Accountancy • Cash Flow Statement • Chapter Test

MediumFREE

15

Questions

20 min

Duration

15

Marks (1 each)

No

Negative marking

Original practice questions with full solutions by ExamPortal.

Instructions

  • • Read each question carefully and pick the correct answer.
  • • You can mark questions for review and come back to them.
  • • Answers are saved automatically.
  • • The test is submitted automatically when time runs out.

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SYLLABUS & QUESTION BLUEPRINT

Sample Practice Questions

Preview 5 sample questions from this 15-question test. Test your knowledge below or take the full exam in timed CBT mode.

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Question 1 of 15
A Cash Flow Statement is prepared as per:
A
AS 3 (Ind AS 7)
B
AS 1
C
AS 26
D
Schedule III
View Correct Answer & Step-by-Step Solution
Correct Option:(A)AS 3 (Ind AS 7)

Detailed explanation is available inside the official test attempt review.

Question 2 of 15
Cash flows are classified into:
A
two activities
B
operating, investing and financing activities
C
only operating
D
revenue and capital
View Correct Answer & Step-by-Step Solution
Correct Option:(B)operating, investing and financing activities

Detailed explanation is available inside the official test attempt review.

Question 3 of 15
Purchase of machinery is a:
A
operating activity
B
investing activity
C
financing activity
D
non-cash activity
View Correct Answer & Step-by-Step Solution
Correct Option:(B)investing activity

Detailed explanation is available inside the official test attempt review.

Question 4 of 15
Issue of shares for cash is a:
A
operating activity
B
investing activity
C
financing activity
D
non-cash item
View Correct Answer & Step-by-Step Solution
Correct Option:(C)financing activity

Detailed explanation is available inside the official test attempt review.

Question 5 of 15
Cash received from customers is an:
A
operating activity
B
investing activity
C
financing activity
D
capital activity
View Correct Answer & Step-by-Step Solution
Correct Option:(A)operating activity

Detailed explanation is available inside the official test attempt review.

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Frequently asked questions

How many questions are there in Class 12 Accountancy: Cash Flow Statement — Chapter Test 1?

There are 15 questions to answer in 20 min. Each correct answer gives 1 mark, for a total of 15 marks.

Is there negative marking?

No. Wrong answers do not lose marks, so attempt every question.

Is this mock test free?

Yes, it is completely free. Just log in with your email to start.

What does this test cover?

It covers the chapter "Cash Flow Statement" of Class 12 Accountancy. All questions are original, with a full solution for each.

Will I see my result and the solutions?

Yes. Right after you submit you get your score, accuracy, rank and percentile, and you can review every question with the correct answer and a step-by-step explanation.

Can I take this test again?

Yes, you can retake it as many times as you like and compare your scores.