Total sales of goods and services collected during a period are classified into __________.

Operating activities

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Investing activities

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Financing activities

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None of these

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Solution

The correct option is A
Operating activities

Total sales of goods and services collected during a period are classified into operating activities.

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Similar questions

Q. Classify the Following Activities into cash Flows under (A) Operating (B) Investing (C) Financing:
(i) Cash Sales of Goods.
(ii) Income Tax paid.
(iii) Dividend Paid.
(iv) Purchase of Fixed Assets.
(v) Redemption of Debentures.
(vi) Royalty Received.
(vii) Cash paid to the Suppliers
(viii) Rental Income.

Classify the following activities into (i) Operating Activities, (ii) Investing Activities, and (iii) Financing Activities in case of (a) a Financial Enterprise, and (b) a Non-Financial Enterprise:
1. Purchase of securities fo a company.
2. Brokerage paid for the purchase fo securities.
3. Sale of securities of a Company.
4. Loans and advances made.
5. Receipts from the repayments of loans and advances.
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7. Dividend received on securities.
8. Interest paid on borrowings.
9. Dividend paid to shareholders.

Q. Identify the transactions as belonging to (i) Operating Activities, (ii) Investing Activities, (iii) Financing Activities and (iv) Cash and Cash Equivalents:

(a) Cash Sale of Goods	(b) Cash Received against Revenue from Services rendered
(c) Cash Purchase of Goods	(d) Cash Paid against Services Taken
(e) Patents Purchased	(f) Marketable Securities
(g) Bank Overdraft	(h) Proceeds from Issue of Debentures
(i) Purchase of Shares	(j) Repayment of Long-term Loan
(k) Commission Received	(l) Redemption of Debentures
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(o) Income Tax Paid	(p) Income Tax Paid on Gain of Sale of Asset
(q) Cash Received from Debtors	(r) Cash Paid to Creditors.

Q. _________________ includes activities concerned with production, purchase, sale or distribution of goods and services with a motive of earning profit.

Q. Sale of equipment is a cash from investing activities.

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Total sales of goods and services collected during a period are classified into __________.

The correct option is A Operating activities Total sales of goods and services collected during a period are classified into operating activities.

The correct option is A
Operating activities

Total sales of goods and services collected during a period are classified into operating activities.