Question : Interest received on Calls-in-arrear by a Company is considered as------------------.
Option 1: Operating activities
Option 2: Investing Activities
Option 3: Financing Activities
Option 4: None of the above
Answer (1)
24th Jan, 2024
Correct Answer: Financing Activities
Solution : Answer = Financing Activities
Interest received on Calls-in-arrear by a company is considered a financing activity. This is because it represents income generated from financing arrangements, specifically from calls made on shares that have not been fully paid by shareholders.
Hence, the correct option is 3.
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