​Which of the following pair is wrongly matched ?

Correct option is D

Correct Answer: (d) Funds Flow Statement : Cash Flow Statement

Explanation:
• The pair Funds Flow Statement : Cash Flow Statement is wrongly matched, as both are different financial statements.
• A Funds Flow Statement shows the movement of funds (working capital) between two balance sheet dates, while a Cash Flow Statement shows the inflow and outflow of cash and cash equivalents during a period.

Information Booster:
• Funds Flow Statement focuses on long-term financial analysis and changes in working capital.
• Cash Flow Statement highlights liquidity and short-term solvency.
• Cash Flow Statements are prepared as per AS-3 (Accounting Standard 3).
• Financial statements include Trading Account, Profit & Loss Account, and Balance Sheet.
• Both statements help management and investors analyze financial performance differently.

Additional Knowledge:
• Financial Statements : Final Accounts – Correct; they include the summary of financial results.
• Trading and Profit & Loss Account : Income Statement – Correct; both show revenue, expenses, and profit.
• Balance Sheet : Position Statement – Correct; it reflects the financial position of a firm on a specific date.
• Funds Flow Statement : Cash Flow Statement – Wrong; Funds Flow deals with funds, not cash directly.