Match the following.
| List-I | List-II |
| a. Short-term | 1. . . . . . . . . is a financing activity. |
| b. Current liabilities | 2. Cash flow statement is useful for . . . . . . . . financial planning. |
| c. Amount of creditors | 3. Increase in . . . . . . . . is a source of cash. |
| d. Payment of dividends | 4. Increase in the . . . . . . . . results in increase in cash. |
A. a-4, b-3, c-2, d-1
B. a-2, b-3, c-4, d-1
C. a-3, b-2, c-4, d-1
D. a-3, b-4, c-1, d-2
Answer: Option B
Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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