CA Inter P2 · Chapter 8 · Question 3 of 10
Under section 2(40), which of the following companies may exclude the cash flow statement from its financial statements?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) A small company
Explanation
The proviso to section 2(40) permits a One Person Company, a small company, a dormant company and a private company that is a start-up to omit the cash flow statement. A listed company or a large public company must include it.
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