27.Which of the following statements are not true?

i) Reducing the inventory level: Cash outflow.

ii) Sales of goods: Cash inflow.

iii) Make payment for bank loan: Cash inflow.

iv) Bought used van by cash: Cash inflow.

Select one:

a. i, ii and iv

b. i, ii and iii

c. ii, iii and iv

d. i, iii and iv

41. Which of the following statements is true about the purpose of statement of cash flow?

Select one:

a. To assess the liquidity position of the company.

b. To assess the profitability of the company.

c. To assess how far the business will be able to meet future commitments.

d. To assess the leverage position of the company.

43. Cash and account receivables balances should always be on credit side.

Select one:

True or False

50.Which of the following statements are true about Bank Reconciliation Statement (BRS)?

i) Bank prepares BRS to update the discrepancies.

ii) Business owner prepares BRS to update the discrepancies.

iii) Bank sent the BRS to business owner when we made an error.

iv) BRS is to be prepared after receive bank statement from the bank.

Select one:

a. ii and iii

b. ii and iv

c. i and iii

d. i and iv