Question : Under which type of activity will you classic 'Commission and Royalty Received' while preparing the Cash Flow Statement?
Option 1: Operating activities
Option 2: Investing activities
Option 3: Financing activities
Option 4: Cash and cash equivalents
Answer (1)
22nd Jan, 2024
Correct Answer: Operating activities
Solution : Answer = Operating activities
'Commission and royalty received' would be classified under operating activities when preparing the cash flow statement. Operating activities involve cash inflows and outflows related to the primary revenue-generating activities of the business, such as sales of goods or services and other operational activities.
Hence, the correct option is 1.
Comments (0)
Related Questions
Trending Articles/News
State B.Tech Admissions Through JEE Main 2024
9 minutes ago
NLUs Placements 2023 - NLU Placement Package for UG and PG
17 minutes ago
