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
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.
Question : When a fixed asset is bought as hire purchase, interest element is classified under ______ and loan element is classified under________.
Question : Interest received and paid' is considered as which type of activity by a finance company while preparing a Cash Flow Statement.
Question : 'Loans and advances granted' by a company will be considered, as which type of activity while preparing a Cash Flow Statement.
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