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Question

When the instalment paid in respect of a fixed asset acquired on deferred payment basis includes both interest and loan, the interest element is classified under _________  activities.



A

Operating

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B

Investing

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C

Financing

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D

Not a cashflow

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Solution

The correct option is D

Financing


When the instalment paid in respect of a fixed asset acquired on deferred payment basis includes both interest and loan, the interest element is classified under financing activities.


Accountancy

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