Question : Payment of Income tax is classified under :
Option 1: Operating activity
Option 2: Financing activity
Option 3: Investing activity
Option 4: None of the above

Question

Question : Payment of Income tax is classified under :

Option 1: Operating activity

Option 2: Financing activity

Option 3: Investing activity

Option 4: None of the above

Team Careers360 · Accepted Answer

Correct Answer: Operating activity

Solution : Income tax is categorised as an operating activity because it is paid as part of conducting/operating business.

Hence the correct answer is option 1.

Exams

Colleges

Predictors

Resources

Quick links

B.Tech CompanionUse Now Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT

Exams

Colleges & Courses

Predictors

Resources

Exams

Colleges

Predictors & E-Books

Resources

Engineering Preparation

Medical Preparation

Online Courses

Products

Exams

Colleges

Resources

Exams

Colleges

Predictors & Articles

Resources

Exams

Colleges

Predictors

Resources

NEET CompanionUse NowYour one-stop Counselling package for NEET, AIIMS and JIPMER

Exams

Colleges

Upcoming Events

Resources

Exams

Colleges

Resources

Quick Links

Top Streams

Specializations

Resources

Top Providers

Exams

Colleges

Resources

Diploma Colleges

Exams

Colleges

Resources

Exams

Resources

Top Courses & Careers

Colleges

Exams

Upcoming Events

Resources

Other Exams

Exams

Colleges

Top Countries

Student Visas

Exams

Top Schools

Products & Resources

NCERT Study Material

Question : Payment of Income tax is classified under :Option 1: Operating activityOption 2: Financing activityOption 3: Investing activityOption 4: None of the above

Related Questions

Question : When a fixed asset is bought as hire purchase, interest element is classified under ______ and loan element is classified under________.

Question : Amongst the following ‘payment of bonus to the employees’ by an insurance company is which type of activity?

Question : Amongst the following ‘payment of bonus to the employees’ by an insurance company is which type of activity?

Question : A dividend received by a manufacturing company is classified as

Question : The cash flow statement begins with the :

Trending Articles/News

Sign In/Sign Up

Download the Careers360 App on your Android phone

B.Tech CompanionUse Now
Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT

NEET CompanionUse Now
Your one-stop Counselling package for NEET, AIIMS and JIPMER

Question : Payment of Income tax is classified under :
Option 1: Operating activity
Option 2: Financing activity
Option 3: Investing activity
Option 4: None of the above

Question : When a fixed asset is bought as hire purchase, interest element is classified under and loan element is classified under__.