aliensbrain
  • Home
  • Study
  • Quizzes
  • 🎤AI Practicefree
  • Notebooks
  • Community
  • Sign in
  • Financial Management/Management Accounting
  • Directions: State whether the following statement is True...
Multiple choice

Directions: State whether the following statement is True Or False.

Purchase of fixed asset is a use of funds.

  1. True

  2. False

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Purchasing a fixed asset involves an outflow of cash or the creation of a liability, which is an application (use) of funds.

Keep practicing — related questions

  • Directions: State whether the following statement is True Or False. Purchase of stock-in-trade is applicati...
  • Directions: State whether the following statement is True Or False. Amortization of preliminary expenses is...
  • Directions: State whether the following statement is True Or False. Payment of dividend is a use of funds.
  • Directions: State whether the following statement is True Or False. The term ‘funds’ means ‘current assets’...
  • Directions: State whether the following statement is True Or False. The funds flow statement shows changes ...
  • Directions: State whether the following statement is True Or False. Traditional approach of financial manag...
  • Directions: State whether the following statement is True Or False. Funds flow refers to change in long ter...
  • Directions: State whether the following statement is True Or False. Fund flow analysis shows the position o...
Play the full quiz 🎤 Practise this topic out loud
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy